Is Bitcoin Poised to Break Through 72K Barrier and Achieve Record High

Bitcoin bulls are currently facing a challenge in maintaining the price within the $69K-$71K range. The ongoing battle between the bulls and bears is causing fluctuations in the price of BTC, but analysts are optimistic that the asset may soon embark on a bullish rally. The recent surge in Bitcoin’s global liquidity to $94 trillion has sparked excitement, with worldwide liquidity approaching $100 trillion. This information was disclosed by Philip Swift, the creator of the on-chain data platform LookIntoBitcoin. This surge in liquidity has the potential to push the price of BTC higher in the near future.