Bitcoin May Soon Push Higher After Taking Out Key Liquidity Levels

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Bitcoin has witnessed some slight instability throughout the past few hours, with sellers rejecting BTC above its key resistance level at $10,500 The decline from its highs shows that this price remains a strong region of selling pressure The likelihood of BTC seeing further downside in the near-term is now significantly higher than what it was previously Some analysts are noting that where it trends next will depend largely on its reaction to a few key liquidity levels that he is closely watching Bitcoin faced a slight rejection above $10,500 overnight, with bulls being unable to maintain the strong momentum that they had built throughout the past several weeks and months. This has contributed to the cryptocurrency’s technical weakness and may indicate that some downside is imminent in the near-term. It is important to note that BTC has yet to break below its support at $10,200, which has been defended…

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