Bitcoin price requires high demand side liquidity to push the price out of a long-lasting consolidation.
Bitcoin bears have been selling on every rally over the last few months, and analysts believe that a liquidity boost fueled by BTC’s “fresh all-time highs” will help break the cycle.
“Market is in need of a big liquidity boost,” pseudonymous crypto trader Daan Crypto Trades wrote in a June 13 post on the X social media network.
The trader’s sentiments appear to have been informed by Bitcoin’s (BTC) “whipsaw” price action as it consolidates within a wide range, stretching from $66,500 to $72,000.
