Bitcoin Grinds Towards $65.4K Liquidity as 'Staircase Up' Raises Pullback Risk

Bitcoin's price is approaching a critical juncture as it inches closer to $65.4K liquidity, while maintaining its position above its weekly 200-day moving average at around $63,800.

A sweep of nearby highs could trigger a pullback towards $62,800-$63,300, but a sustained break above $68,400-$70,000 would strengthen the bullish outlook and signal a larger move may be developing.

Kaz's chart highlights the 'staircase up' structure, where price climbs steadily rather than accelerating through resistance. This type of controlled rise can leave the market exposed to a faster move in the opposite direction once buyers lose momentum.