Will $100M BTC price support help Bitcoin avoid a drop to $61K?

Bitcoin liquidity is attempting to prevent a deeper BTC price retracement against a background of lower highs.

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Bitcoin (BTC) is seeing “wild” order book behavior as bulls attempt to stave off a fresh BTC price drop.

The latest data from monitoring resource CoinGlass shows a fresh support battleground forming near $63,000.

Bitcoin set new local lows of $63,400 on Aug. 1, 5% beneath the prior day’s highs, per Cointelegraph Markets Pro and TradingView.

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