Bitcoin liquidity ‘battle’ rages as bull case sees clear run to $95K
Cointelegraph
Bitcoin's price is facing a liquidity battle around $87,000 resistance following mixed US employment data.Summary
Bitcoin (BTC) experienced a liquidity struggle at the Wall Street open as markets processed conflicting US employment data, with unemployment rising to 4.6% while job creation slightly exceeded expectations. Buyers and sellers are clashing around the $87,000 resistance level, while support is concentrated near $85,000, which aligns with the 100-Week Simple Moving Average. Analysts noted that if bulls manage to break the resistance above $87,000, there is a potential for a clear run toward $95,000, as liquidity appears thin above that point. Some traders, however, anticipate a final downward sweep toward April lows before a rally above $100,000 in Q1 2026, contingent on retail selling pressure concluding.
(Source：Cointelegraph)