Bitcoin gets $90K short-term target amid warning support 'isn't safe'

April 21, 2025

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Bitcoin (BTC) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalysis sees Bitcoin crossing $83,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping 1.5% to $83,974 on the day before rebounding.Still broadly less volatile over the weekend, Bitcoin sought to stem the week’s downside as doubts appeared over the strength of nearby support.Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.“Bitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” he summarized on X. “THEN we wait for the reaction and bullish structure to build back inside the range low.”Bitcoin order book liquidity chart.

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Source: cointelegraph.com
Published: April 20, 2025

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