This Overhead Liquidity Region Could Propel Bitcoin Past $12,000

Analysts are now explaining that the cryptocurrency is beginning to flash some subtle signs of bullishness as it trades around $9,300, with these factors potentially helping to boost it higher in the days and weeks ahead. While looking towards BTC’s weekly market structure, analysts are observing some tempered signs of strength.

While looking at Bitcoin’s weekly market structure, one popular cryptocurrency analyst explained that he is seeing multiple signs of bullishness. Chart via TradingView.This “Overhead Liquidity” Could Help Send BTC Flying Higher Another respected analyst recently observed that Bitcoin has been establishing significant overhead liquidity throughout the past several weeks and months.

Timeline of Bitcoin