Bitcoin faces liquidity crisis, but BTC price aims for $35k

Bitcoin (BTC) has continued to experience the highest weekly close in the last 10 months, holding steady at $28,000. BTC/USD remained stable over the weekend and is currently experiencing resistance that could result in a bullish surge above $30,000. Analysts predict potential “big” liquidation at this level, with some traders waiting for the weekly close to consolidate their gains. Meanwhile, Bitcoin bulls added 23% more BTC in March, making it one of the best March months in Bitcoin’s history and nearing its 2021 performance. However, some analysts predict a correction before BTC/USD hits $30,000. The views expressed herein are those of the authors alone and do not necessarily reflect the views and opinions of Cointelegraph.

 

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