Bitcoin

Bitcoin price shows signs of a strong bullish trend, with analysts watching carefully the support and resistance levels. Data from CoinGlass shows that there is ample liquidity in the vicinity of $58K price level. This rate of increase in the liquidity is considered significant for the traders as it signals that Bitcoin may be about to make a major shift in the market soon.The current price action captures a new market structure of <a href="https://cryptotale.org/bitcoin-slips-under-61k-amid-rising-market-fear-report/" rel="noopener noreferrer nofollow">Bitcoin</a>. Following the fall due to long liquidations, Bitcoin managed to form a higher low. This local bottom now points to a possibility of an upward movement. For this bullish run to continue, Bitcoin must cross and sustain above the key resistance levels such as the Daily 200 Moving Average (200MA).<h2 id="header-0">Liquidity Concentration at $58,000</h2>The recent market analysis also revealed a massive liquidity accumulation at $58,000. The heatmap from CoinGlass shows that this level could be very important for Bitcoin’s short-term price movements. This region is an area of interest for traders as it could give <a href="https://cryptotale.org/bitcoin-slips-under-61k-amid-rising-market-fear-report/" rel="noopener noreferrer nofollow">Bitcoin</a> the support it needs to continue an upward trajectory again.<a href="https://cryptotale.org/bitcoin-bullish-momentum-builds-with-key-liquidity-at-58k/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Bullish Momentum Builds With Key Liquidity at $58K

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