CryptoStar

09/14 11:48

Bitcoin liquidity stacks near resistance It’s now

Bitcoin liquidity stacks near resistance

It’s now up to Bitcoin bulls to carve a divergence from previous cycles. And the stakes couldn’t be higher.

After failing to hold $116k, BTC printed two lower lows in the early Q3 cycle. The first at $112k, the second at $107k.

That keeps the door open for a deeper correction if support gives way.

Notably, BTC has rolled over after its 8% weekly bounce, with two straight red days showing weak hands breaking even. There’s also a $40 million long liquidity cluster around $114k, acting as a potential friction zone.

In short, liquidity is stacking around Bitcoin resistance. 

Combine that with weak hands exiting, and it sets up a potential mid-July style flush. Now it’s up to the bulls: Either trap late bears here or risk a cascade of liquidations.

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