Bitcoin is trading near $74,000 as high leverage clusters around $72,000 and $76,000 on CW’s liquidation heatmap. At the same time, BTC sits near its bull market support band, with major weekly moving averages rising below price.
Bitcoin Price Holds Near $74K as Leverage Builds at $72K and $76K
Bitcoin traded near $74,000 on the CoinAnk liquidation heatmap shared by CW on X, while high leverage positions clustered around $72,000 and $76,000.
The chart shows BTC falling from the $77,000 to $78,000 area before stabilizing near $74,000. After the drop, price moved sideways between the two major liquidity zones.
Bitcoin High Leverage Liquidity Map. Source: CW on X
The brightest heatmap bands appear near $72,000 and $76,000. These areas show where large leveraged positions may face liquidation if price moves sharply in either direction.
CW said movements to liquidate these positions may occur. That keeps both the lower $72,000 zone and the upper $76,000 zone in focus for Bitcoin’s next short term move.
Bitcoin Price Tests Bull Market Support Band as BTC Trades Near $73K
Bitcoin traded near $73,426 on the weekly chart shared by Daan Crypto Trades on X, placing BTC close to its bull market support band after a failed retest in recent weeks.
The chart shows the bull market support band around the $74,148 to $78,042 area. BTC moved below that zone after rejecting near the band, while the weekly 200EMA and weekly 200MA continued rising below price.
Bitcoin Bull Market Support Band. Source: Daan Crypto Trades on X
The weekly 200EMA sat near $68,917 on the chart, while the weekly 200MA stood near $61,624. These levels now form the broader support area below Bitcoin’s current price.
Daan Crypto Trades said BTC could trade between $60,000 and $80,000 for some time, as several major weekly levels are now close to price.
Source: https://coinpaper.com/17381/bitcoin-price-prediction-btc-caught-between-72-k-and-76-k-as-leverage-builds
