Crypto analyst Zen has identified several liquidity pools that could influence Bitcoin’s price in July and beyond.
Potential Downside Liquidity Pools
- $60,260
- $59,440
- $58,990
- $56,850
If these pools are cleared, it could lead to a significant price drop, potentially down to $53,000.
Potential Upside Liquidity Pools
Clearing these pools could push Bitcoin’s price higher.
Current Market Situation
Bitcoin is currently in a downtrend on the daily chart, but a weekly close above $60,622 could signal a potential upswing. Conversely, a close below $59,600 would maintain bearish momentum.
Historical Trends
Historically, July has been a positive month for Bitcoin, with green candles more often than not. This trend could support potential upswings in July if the bulls can break through the upside liquidity levels.
