Bitcoin ( $BTC ) has successfully swept the major liquidity cluster around the $75,000 level, triggering significant price action.
With that key zone cleared, the next major liquidity target now sits higher, around the $89,000 region.
This move indicates strong bullish momentum, suggesting that buyers remain firmly in control.
As liquidity clusters often act as magnets for price, the market could aim for the $89K zone next.
Traders and investors should closely monitor price behavior as $BTC approaches this next critical level. If bullish momentum continues, a breakout towards $89K could happen faster than expected.
However, caution is advised as high volatility can lead to sharp pullbacks. Overall, Bitcoin remains positioned for further upside as liquidity shifts upward.
According to my past forecast on Arbitrum, the price has risen. In doing so, the growth is accelerating.
We can observe a typical downtrend break đ. It consists in the fact that the price has simultaneously broken the trend line, under which the decline took place, as well as the nearest resistance level.
In this case, it is expressed in the breakdown and the beginning of the "bullish wedge" and "bullish divergence". The resistance level here was ~$0.31.
In the coming months I expect Arbitrum and similar alts to recover
The ALTS market cap has broken out of the falling wedge pattern with significant volume and is currently undergoing a retest of the breakout level. The 21-day moving average is acting as support. A successful retest could confirm the breakout and potentially trigger a strong bullish rally in the altcoin market.
đĽ $BTC Glassnode: BTC spot trading volume rose from $2.9 billion to $8.0 billion, nearly tripling in less than 36 hours. This shows a simultaneous influx of capital into the spot market along with a surge in OI
It was a powerful entry, and those who entered together with me are already fixing a great profit. But the most interesting things are ahead!
A new trade is on its way and you have a chance to take profits. Do you want to be among the first? Message me in PM right now and I'll give you all the details!
BTC Dominance continues to consolidate within a rising wedge pattern and is currently facing rejection from the resistance trendline. The 21MA is providing support beneath the price action.
A breakdown below both the 21MA and the lower boundary of the wedge would confirm bearish momentum, opening the door for further downside.
This potential breakdown could trigger a strong bullish rally in the altcoin market, as a declining BTC.D often signals capital rotation into altcoins.
It's a key level to watch confirmation of the breakdown may mark the start of a major move across the broader crypto space.