Date: 2025-05-04
Key points:Bitcoin attacks liquidity clustered close to spot price into the weekly close.Market commentators eye significant BTC price levels below $95,000. The Fed’s upcoming interest rate decision is the key macro event to watch next week.Bitcoin (BTC) fell toward $95,000 into the May 4 weekly close as traders braced for more macro-induced downside.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price liquidations mount after 10-week highsData from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating from multimonth highs toward the May open.Hitting liquidity clustered around spot price, Bitcoin created a recipe for volatility as market participants discussed key levels.“Dense longs cluster 95.7k-96k, heavy short...
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