Bitcoin bulls are currently facing challenges in maintaining the price within the $69K-$71K range. The ongoing battle between bulls and bears is causing fluctuations in the BTC price, but analysts anticipate that the asset may soon embark on a bullish rally. The recent surge in Bitcoin’s global liquidity to a staggering $94 trillion suggests that worldwide liquidity is approaching $100 trillion. This revelation was made by Philip Swift, the founder of the on-chain data platform LookIntoBitcoin. This increase in liquidity has the potential to propel the BTC price higher in the near future.
Can Bitcoin Break Through 72K Resistance Barrier to Achieve Record High
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