Bitcoin Price Recovery Faces Critical Resistance Levels
- Bitcoin price rebounded above $97,000 after dipping below $93,000 following US CPI data release.
- $75 million in BTC liquidations occurred within 24 hours due to market volatility.
- Analysts identify $97,530 as a crucial resistance level for Bitcoin’s bullish momentum.
- Support is weak below $92,110, with significant gaps down to the $70,000 range.
- Retail participation in Bitcoin is declining, while whale accumulation is increasing.
Bitcoin’s price recovery above $97,000 has been accompanied by significant market activity and liquidations totaling $75 million. Analysts are monitoring key resistance at $97,530 to determine future price movements.
Source (2.6)https://coingape.com/will-bitcoin-price-clear-this-crucial-resistance-or-is-70000-crash-coming/?rand=24432
