Bitcoin price approaches critical liquidity zone around $61.200

Bitcoin is gradually working its way down and has already cleared most of the short-term liquidity supply. The largest digital coin currently stands at $62.300. losing 2.7% over the past 24 hours. Market participants are keeping a close eye on an important price level slightly lower, where significant liquidity is still hidden.

Bitcoin is available at OKX and Bybit.

Liquidity cluster at $61.200 in sight

According to technical analyst Ted Pillows, an important liquidity cluster lurks around the $61.200 level. This area could be breached if the downward pressure persists. The development indicates that the market is actively exploring deeper price levels, and investors should remain alert at this critical point.

Next support zones around $66.000–$67.000

Once the $61.200 level is passed, new interesting zones come into view. The liquidity clusters around $66.000 to $67.000 are expected to become attractive for buyers again. These zones could serve as potential support levels where the Bitcoin price might stabilise and initiate a recovery.

The current market movement shows that investors are patiently waiting to see which levels will actually hold. In light of the recent moves, the Bitcoin price appears to be heading towards these critical zones, with each support zone potentially forming a pivot point for the next phase of the market.