Bitcoin sees a battle to flip $69,000 to support continuing at the Wall Street open, with daily BTC price gains nearing 4%.
Bulls began the week with a fresh bid to flip $69,000 — the site of Bitcoin’s old 2021 all-time high and a key psychological level — back to firm support.
Analyzing the current landscape on exchange order books, popular trader Skew noted a price premium in place on perpetual swaps.“The $66K & $72K levels remain important from a liquidity perspective. Eyes on those levels,” fellow trader and commentator Daan Crypto TradestoldCrypto as a whole, it argued in its latest market update sent to Telegram channel subscribers, would benefit from the“This bullishness is likely to continue as the market waits for the ETH spot ETF to usher in new demand.
“Another reason for persistent bullishness is speculators increasing long positions in other crypto majors in anticipation of additional spot ETF approvals in the near future.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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