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Bitcoin Price Prediction: Will This Demand Zone Hold?

  • Bitcoin price faked strength at a higher demand zone before dropping lower and is now testing a more significant demand area.
  • Liquidity below remains a threat, so it's crucial to watch for a reaction or a potential flush in the market.
  • The recent price action in Bitcoin demonstrates a classic trap scenario where the market accumulated before making a calculated move downwards.
  • The current situation involves Bitcoin sitting on a lower demand zone, which could lead to a bounce towards a supply level above, but there is also dangerous liquidity below that could be triggered in case of market weakness or fear.

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