Bitcoin exchange order book liquidity analysis suggests that BTC price action may make a break for lower levels before challenging sellers at $90,000. <\/p>\n
<\/span> 3223 <\/span> Total views <\/span><\/p>\n 4 <\/span> Total shares <\/span><\/p>\n<\/div>\n Bitcoin (BTC<\/a>) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD dropping 1.5% to $83,974 on the day before rebounding.<\/p>\n Still broadly less volatile over the weekend, Bitcoin sought to stem the week\u2019s downside as doubts appeared over the strength of nearby support.<\/p>\n Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.<\/p>\n \u201cBitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,\u201d he summarized<\/a> on X.\u00a0<\/p>\n \u201cTHEN we wait for the reaction and bullish structure to build back inside the range low.\u201d<\/p><\/blockquote>\n Cullen and others nonetheless saw a short-term BTC price range between $83,000 and $86,000 staying in place over the Easter holiday weekend.<\/p>\n \u2014 AlphaBTC (@mark_cullen) April 20, 2025<\/a><\/p><\/blockquote>\n \u201cPretty slow market during this long weekend as expected. I think next week will get interesting as the charts are quite compressed. Any decent good\/bad headline could spark a pretty large move I think. Even if its just from positions getting squeezed,\u201d popular trader Daan Crypto Trades continued<\/a>.\u00a0<\/p>\n \u201cGenerally those moves are not one you want to be fading when it occurs. $83K-$86K is the range to watch in the short term.\u201d<\/p><\/blockquote>\n An accompanying chart showed BTC price action relative to the latest closing point of CME Group\u2019s Bitcoin futures, potentially inviting the creation of a \u201cgap\u201d that could provide a short-term price magnet.<\/p>\n Fellow trader Roman meanwhile eyed what could become a return to multimonth lows as part of a bullish inverse head and shoulders reversal pattern.<\/p>\n \u201cIf volume is decreasing on the way to 76k, I\u2019ll take longs,\u201d he told<\/a> X followers.<\/p>\n Updating readers on the daily chart, popular trader and analyst Rekt Capital had good news.<\/p>\n Related: <\/strong><\/em>Bitcoin can reach $138K in 3 months as macro odds see BTC price upside<\/strong><\/em><\/a><\/p>\n Bitcoin, he confirmed, had definitively broken out of a multimonth downtrend without violating it during retests as support.<\/p>\n \u201cBitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation,\u201d he wrote<\/a>.<\/p>\n \u201cBut Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.\u201d<\/p><\/blockquote>\n As Cointelegraph reported<\/a>, the fate of the downtrend had been on the radar for weeks, with not everyone agreeing that price had left it behind for good<\/a>.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<\/picture><\/div>\n
Bitcoins Analysis sees Bitcoin crossing $83,000<\/h2>\n
Bitcoins Confidence increases over BTC price breakout<\/h2>\n