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Bitcoin bids stack above $60K as hopes of a BTC price rebound build

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Bitcoin bids stack above K as hopes of a BTC price rebound build
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Source: Coin Telegraph

A classic tug-of-war between Bitcoin buyers and sellers is shaping up on order books, with a BTC price relief bounce sorely needed.

Bitcoin (BTC) traders are demanding BTC price upside as liquidity sets up fresh battles for bulls.

Data from monitoring resource CoinGlass shows bid liquidity moving closer to the active trading range above $60,000 on April 17.

Bitcoin has liquidated a considerable chunk of longs this week, with a snap retracement “flushing” hundreds of millions of dollars in positions.

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Author: William Suberg

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