Bitcoin's price fluctuated as Wall Street opened on March 26, with some seeing mixed signals for bullish momentum or continued correction.
Despite minor outflows from Grayscale Bitcoin Trust and a lack of bid liquidity, BTC surged. Yet, bid liquidity remained centered around $60,000, suggesting a downward trend. The upcoming weekly and monthly candle closes are crucial, potentially challenging previous levels.
Traders emphasized the importance of Bitcoin maintaining $69,000 support, akin to the breakout of $20,000 in 2020. With the approaching halving event, Bitcoin may enter a consolidation phase before exploring new highs. As always, readers should conduct their research before investing.
