Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone

Bitcoin traders are upping the stakes amid a tightly rangebound few days for BTC price action.

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Bitcoin (BTC) returned to $63,000 on May 10 as overhead liquidity thickened past $100 million.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to local highs of $63,876 on Bitstamp before consolidating.

BTC price action improved overnight after seeing lows under $61,000 — a weakness that persisted despite hot United States unemployment figures.

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