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Crypto

Bitcoin's Price Trapped Between Liquidity Pools Amid Bearish Trend

Guavy AI Editorial Team
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BTC
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Bitcoin's price action has been trapped between two liquidity pools, one above and one below its current level. According to @CryptoKing4Ever, this situation was observed on August 16, 2026. The Bitcoin price of $63,010.1 is currently within the Bollinger band, with an upper resistance point at $63,664.45.

The EMA50 and EMA200 lines are also capping upside potential in this bearish trend structure. Meanwhile, momentum indicators show a Relative Strength Index (RSI) of 38.55 and a Moving Average Convergence Divergence (MACD) of -215.96.

This combination of indicators points to a possible sweep of the lower band support near $62,685.04 before any sustained move higher in Bitcoin's price action can occur.

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