Bitcoin Liquidity ‘battle’ Rages As Bull Case Sees Clear Run To $95k

Bitcoin liquidity grabs continued at the Wall Street open, with traders hoping that a breakthrough of resistance would propel the BTC price toward the $100,000 zone.

Bitcoin (BTC) struck at ask liquidity at Tuesday’s Wall Street open as markets reacted to mixed US employment data.

Bitcoin buyers and sellers square off for control amid conflicting US employment numbers.

Nearby order-book liquidity begins to get shaken out at the Wall Street open.

BTC price targets include $95,000 in the event of a bullish impulse on short timeframes.

Data from Cointelegraph Markets Pro and TradingView showed that bulls were grappling with resistance above $87,000.

After dropping to nearly $85,000 the day prior, tensions were high as buyers sought to avoid another “manipulative” sell-off during US trading.

“Waking up to a battle in the $BTC order book…,” trading resource Material Indicators wrote in a post on X alongside Binance order-book liquidity data.

Material Indicators referenced the 100-week simple moving average (SMA) as important support, currently at $84,646.

“Both concentrations of liquidity could be considered guardrails ahead of today’s economic data,” it added.

Source: CoinTelegraph