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Заголовок Bitcoin Liquidity Resting Above $70,000 As Coinbase Metrics Reveal Strong Demand
Дата 20240917

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Liquidity Resting Above $70,000 As Coinbase Metrics Reveal Strong Demand

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Liquidity Resting Above $70,000 As Coinbase Metrics Reveal Strong
Demand

by Sebastian Villafuerte

4 hours ago

in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News

0

Since last Friday, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has seen a 4% retrace, following a strong 15% surge
from its local lows. Despite this recent momentum, the market faces
uncertainty and volatility as BTC trades below the crucial $60,000 level—a
psychological mark that signals direction.

Investors are watching closely to see whether Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin can regain strength and
break past this key resistance or continue to struggle in the short term.

Related Reading: BTC Rally Expected Once Price Breaks $69,500 – FOMO Likely?

There are signs of recovery, however, as Coinbase data shows BTC has been
trading at a price premium again, indicating strong demand. Additionally, key
data from Coinglass highlights critical liquidity levels that BTC may target• Объект бренды » Бренды на t » Target
in the coming weeks.

These factors suggest BTC is now at a pivotal moment, with its price action
over the next few days likely to determine the market’s direction in the
months ahead. Traders and investors are bracing for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s next big move.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Consolidation Could Be Over: $70,000 Next?

The past few weeks have encouraged Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, sparking hope and optimism among
investors bracing for a deeper correction. Recent data indicates a positive
shift in market sentiment.

Analyst Daan highlighted on X that BTC has been trading at a premium on
Coinbase, a sign of renewed spot demand from U.S• Соединённые Штаты Америки (США). investors and potential
interest from ETFs. This premium is generally bullish, reflecting increased
buying activity and confidence in BTC s future. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Coinbase premium
index turns positive. | Source: Daan on X CryptoQuant chart

However, significant discounts on exchanges, often seen at market bottoms, can
signal bearish sentiment, though they also offer potential entry points for
savvy investors.

Complementing this, Coinglass has provided key metrics on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
liquidity levels. The Binance BTC/USDT Liquidation Heatmap shows that BTC
recently absorbed a large liquidity cluster below $50,000 during the August
5th sell-off. This move cleared substantial support levels, leaving fewer
significant clusters nearby. Binance BTC/USDT Liquidation Heatmap showing
liquidity resting below $47K and above $70K. | Source: Coinglass

The major liquidity levels now reside around $47,000 and lower, with
substantial interest building at the $70,000+ mark.

Related Reading: Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Remains Top DEX Chain With 35% Dominance: Can Others
Challenge This?

These insights suggest that while Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin faces potential support and
resistance challenges, the current market dynamics indicate a more bullish
outlook.

The absence of significant liquidity clusters around the current price and the
premium observed on Coinbase could point to a continued upward trajectory,
provided BTC can maintain its recent gains and build momentum.

BTC Technical Analysis: Key Levels To Watch

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is trading at $58,593, reflecting a 4% dip from last week s peak
of $60,670. The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта faces challenges in maintaining its position
above the 4-hour 200 exponential moving average (EMA) at $58,883, a crucial
level it reclaimed last Friday, signaling short-term strength.

This EMA has acted as significant resistance since early August and could
serve as new support if BTC can hold above it. BTC is testing the 4H 200 EMA
for support. | Source: BTCUSDT chart on TradingView

To reinforce the bullish outlook, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin must reclaim and stay above the 4H
200 EMA and the $60,000 mark, as these levels are pivotal for shaping overall
market sentiment. A failure to close above the 4H 200 EMA could lead to
testing the next demand level around $57,500, representing a healthier support
zone.

Related Reading: BTC Analyst Expects $100,000 By December – Details

Should the correction extend further, BTC faces potential risks of dropping to
$55,500. This deeper correction would test lower support levels and could
signal more challenging market conditions ahead. Holding above these key
levels will be critical in determining Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s short-term direction
and overall market stability.

Featured image from Dall-E, chart from TradingView

============= Итог: 5,4980 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 5,4980 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 2,0000 ; Соединённые Штаты Америки (США)

============= Географические объекты: 1 40.000000000,-100.000000000 Соединённые Штаты Америки (США)


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