As Bitcoin’s price hovers near all-time highs, liquidity concentrated around the $100,000 mark and technical formations are set to play a pivotal role in upcoming market movements. Market observers note that the expanding “megaphone” formation and the intense buying and selling pressure at this critical price level could lead to significant price fluctuations. Position closures and abrupt price changes in the cryptocurrency markets may indicate heightened volatility for traders.
Read the full article here:
https://en.coin-turk.com/bitcoin-surges-as-liquidity-peaks-near-100000/