#Bitcoin Price Hits 2-Month Highs, But Drop Below $60K Could Precede
Bitcoin is riding high on liquidity as China announces economic stimulus measures, but some concerns still linger over a potential BTC price correction.
Retracement targets of #BTC include $57,000
Meanwhile, Bitcoin market participants saw the need for consolidation around the recent highs before a fresh bullish push.
âSell liquidity taken at $65,000. Next sell liquidity is $66,000. Buy liquidity around $62,000 - $61,000,â popular trader Skew confirmed to his followers on X.
âSo given the big gap now, I would want to see more structure or a nice consolidation develop before continuing higher. The bad outcome would be a complete retracement with weakness.â
