BTC price needs to hold $70K next as Bitcoin weathers ECB rate cut

Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.

Bitcoin (BTC) circled $71,000 at the June 6 Wall Street open as traders eyed a possible liquidity takedown.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action coiling below seminal resistance at $72,000.

This represented the final hurdle before an attack on all-time highs — something still on the cards for market participants as macroeconomic events boosted the crypto bull case.

Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.
Bitcoin (BTC) circled $71,000 at the June 6 Wall Street open as traders eyed a possible liquidity takedown.Data from Cointelegraph Markets Pro and TradingView showed BTC price action coiling below seminal resistance at $72,000.This represented the final hurdle before an attack on all-time highs — something still on the cards for market participants as macroeconomic events boosted the crypto bull case.Read more