Bitcoin bulls are currently facing challenges in maintaining the price range between $69K-$71K. The ongoing battle between bulls and bears is causing fluctuations in the price of BTC, but analysts anticipate that the asset could soon embark on a bullish rally. The recent surge in Bitcoin’s global liquidity to $94 trillion has caught the attention of many, with worldwide liquidity nearing the $100 trillion mark. This remarkable development was unveiled by Philip Swift, the founder of the on-chain data platform LookIntoBitcoin. This surge in liquidity has the potential to drive the price of BTC higher in the near future.