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Bitcoin clings to $67K, but analysis warns of 10% BTC price drop next
Bitcoin circled $67,000 on May 19 as liquidity around spot price strengthened into the weekly close. Data from Cointelegraph Markets Pro and TradingView showed bulls holding the week’s upside, with month-to-date gains now above 10%. Analyzing hurdles to overcome, popular trader Daan Crypto Trades noted that $72,000 now represented the largest resistance zone. “Price did take out a big cluster around 67.4K but there’s still some big levels at ~$68K. ~$72K onwards is where most liquidity lies atm,” he wrote in part of a post on X alongside a chart from monitoring resource CoinGlass. “Below, most has been ... (full story)