Bitcoin to $73k? Be prepared with the price levels to watch during a bear market
The author identifies key Bitcoin price levels based on order-book depth and historical liquidity, targeting $85,000 next in a potential bear market.Summary
The analysis uses a proprietary grid of horizontal bands, based on order-book depth, leverage, and historical price action over 18 months, to map out critical liquidity levels for Bitcoin, rather than relying solely on traditional technical analysis.
Bitcoin has descended through previous support zones, moving from its all-time high channel near $126,000, through the $100,000 mark, and is currently oscillating in the purple channel in the high $80,000s to low $90,000s. Previous supports like $92,000–$93,000 are now acting as resistance.
The next major liquidity target identified is approximately $85,000, due to high historical positioning density there. If this level breaks, subsequent zones to watch are the green lines around the high $70,000s, with $73,000–$74,000 being a significant historical support point from previous cycles. The author suggests $73,400 is a realistic floor for the current bear market cycle, emphasizing that this roadmap shows probable reaction zones, not guaranteed outcomes.
(Source：CryptoSlate)