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Crypto

Liquidity Sweep to $76k Eyed as Bitcoin Price Action Remains Choppy

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price action has been stuck in a state of choppiness around $77,665.41, as altcoins continue to push higher against BTC native pairs.

Despite this, market observers believe that a liquidity sweep to the $76,000 zone could be the next move for fresh entries into the market.

The price is currently sitting just above the 50-day Exponential Moving Average (EMA) at $77,594.74, while the 200-day EMA at $71,494.57 serves as a broader bullish anchor.

However, the MACD death cross at -58.85 signals fading momentum, and the Relative Strength Index (RSI) is currently neutral at 42.93, situated within the Bollinger band.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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