A huge chunk of downside liquidity has formed for $BTC.
There's a small liquidity cluster around $67,000 but the majority of liquidity is to the downside again.
With FOMC coming tomorrow, Bitcoin could see a correction.
$BTCย failed to reclaim the $67,000-$68,000 zone.
Now, the key level to hold is $64,000-$65,000.
If Bitcoin loses this, it'll end up giving most of its short-term gain back.
Bitcoin got rejected at the 20 DMA again.
The key level to break is $67,265 for a rally towards $74,000.
Meanwhile, if Bitcoin fails to hold the $63,640 level, a dump to $60,000 could happen next.
The FOMC meeting is happening today, so all eyes will be on it.
A bullish tone from Kevin Warsh could trigger an upside breakout, while a bearish tone will result in Bitcoin giving up all its short-term gains.
$BTC is showing slight recovery here.
The key level here is $74,500 which needs to be reclaimed for any strong rally.
If Bitcoin fails to reclaim this zone, the next target would be $70,000.
BREAKING: Bitcoin reclaims $74,000.
It is now up +2.10% in the last 50 minutes, adding $32.34 BILLION to its market cap.
$52 MILLION worth of shorts have been liquidated over the same period.
๐จ BLACKROCK IS DUMPING BITCOIN
BlackRock has sold nearly $2 BILLION worth of Bitcoin over the last 9 trading days.
Over the same period, Bitcoin has crashed more than 7%.
This is absolutely INSANE.
$300,000,000,000 has been added to the crypto market since Jane Street got sued and the US-Iran war started.
Bitcoin has surprised everyone by surging $10,500 in the last 5 days, while most people expected it to crash amid the uncertainty.