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06/24 07:00

Bitcoin’s $63,500 Breakdown Sets Up A Trap For Bot

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Bitcoin’s $63,500 Breakdown Sets Up A Trap For Both Bulls And Bears Bitcoin(BTC) lost the $63,500 support area as traders weighed a failed defense against liquidity building above price. Key Points: Bitcoin fell below the $63,500 level that had repeatedly drawn buyers. Heatmap data cited by The Martini Guy showed liquidity building near $65,500 to $66,500. Traders are watching whether the move becomes a breakdown or a squeeze into overhead liquidity. Bitcoin Support The $63,500 level had served as a closely watched support zone for Bitcoin, according to market commentaries. The Martini Guy said earlier dips into that area had been bought, but buyers did not defend it with the same force this time. That shift matters because a support level only holds value while the market continues to respect it.

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