Bitcoin Sees Tight-Ranged Price Movement as Liquidity Pressure Builds

By: blockchainreporter|2025/05/06 21:45:02
0
Share
copy
Bitcoin ($BTC) is moving in a tight price range around $94,381. As per IT Tech, amid the current consolidation phase, Bitcoin needs a clear price breakout above $94,8K could lead to a sustained momentum. The overall outlook is still bullish however a wick is expected on the downside in liquidity hunt. The CryptoQuant analyst shared some key price levels in latest tweet.$BTC stuck in a chop zone again. But the liquidity map tells the real story. Let’s decode it Bitcoin (BTC/USDT) Liquidation & Price Analysis – Binance 15m. Current Price: $94,381 Trend & Market Structure: BTC rejected from $95.7K and dropped to $93.4KBuy signals... https://t.co/akhs8ILpC9 pic.twitter.com/H1Oli0EUGM— IT Tech (@IT_Tech_PL) May 6, 2025Bitcoin Faces Strong Resistance at $95,700Based on the historical price data, Bitcoin ($BTC) has recently been rejected from the price level of $95,700. This spot is currently serving as a key resistance point. Subsequently, the top crypto asset has dipped to the $93,500 mark, leading to a bounce. Hence, this price movement indicates sell signals around $94,800. This adds to the current bearish pressure around the latest price range.Short Liquidation Areas Emerge around $94,800-$95,000 and $95,600-$95,700As the market data suggests, Bitcoin’s present consolidation is taking place in a “chop zone.” This area is marked by erratic price swings and indecisive candles between key resistance and support levels. In addition to this, the SuperTrend indicator, after its bullish flip, has again started showing weakening. Robust short liquidation areas, which often work as resistance zones, have developed between two ranges, including $94,800-$95,000 and $95,600-$95,700.Keeping this in view, if Bitcoin fails to sustain the respective support cluster, it sees a noteworthy liquidity pool around $92,000. As a result of this, a likely dip could be expedited if triggered.Market Sentiment Stays Neutral-to-CautiousAccording to IT Tech, the overall sentiment around Bitcoin stays neutral-to-cautious. In the meantime, bulls are getting tested amid the requirement to push $BTC’s price above $95K to recover bullish structure. Nonetheless, any additional failure near the resistance level of $95K may draw the attention of short sellers. On the other hand, a price breakdown below the lower $93,400 mark would potentially result in a bearish shift in the provisional market structure.In the meantime, the Bitcoin traders are advised to stay alert. Additionally, the market onlookers are keenly looking for key developments while cautioning against liquidity false liquidity grabs as well as other such moves.

You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

Popular coins

Latest Crypto News

Read more