Bitcoin has been trading through organized liquidity levels and currently is close to $89K-90K. According to analyst Liam Wright, also known as Akiba, the bands, based on market depth, leverage and psychological zones have given the direction to the price of Bitcoin since at least 18 months ago. As previous levels shift to the resistance, the next liquidity magnet is the zone of $85K.
Level H Level $85K Structural and Sentiment.
The $85K area is not arbitrary. It experienced concentrated market action ever since the introduction of Bitcoin spot ETFs. Furthermore, This price is of historical significance as pointed out by the bid layering, inventory recycling, and open interest. The break of the current levels should be followed by a rapid movement to this zone according to the analysts because there is the so-called clean path between $89K and $85K.
Greater Support Areas: $77K, $73K and a Gloomy $49K.
In case of a break of $85K, it may fall up to 77K-74K and the realistic floor of price may be taken into account at 73,400, which is the bear market. A more drastic fall would put the BTC at $49,800, which has been proven to be defended in the previous cycles.
A Roadmap, Not a Prophecy
These price channels are more of a guide rather than assurances. The future of Bitcoin will be determined by sentiment, liquidity and response at major bands. Although this will be viewed as a buy-the-dip opportunity by long-term bulls, short-term traders will need to avoid risky moves as Bitcoin approaches these historic support lines.
