Many experts believe that Bitcoin's price and global liquidity are closely connected, with an 80% correlation between the two.
The global liquidity slump, driven by several macroeconomic factors, has had a significant impact on Bitcoin's performance.
Resistance levels at $87K, $90K, $92.5K, $94K, and $95K are crucial indicators to watch for a potential Bitcoin rally.
The net flow of Bitcoin on and off exchanges can provide insight into market sentiment, with a steady net flow onto exchanges suggesting potential future performance.