Bitcoin Price Prediction: Bearish Trend Ahead, Correction Needed for Further Growth

• After the much-anticipated Bitcoin halving event, the price movement has not shown significant changes as some expected. Instead, it has remained within the range around $64, indicating a lack of strength among the bulls. The author suggests that a correction is necessary for further continuous growth and that this fall will require fuel in the form of long positions opened at the top.

• There is a large amount of liquidations accumulated in the area of 70k - 72k, and the author predicts a fast squeeze to take liquidity and drive the price down to 55.5k. Alternatively, the bulls may not even reach 65k before the decline begins from the current levels.