Bitcoin at $85,800: Liquidity Suggests Potential Price Breakout or Trap

Bitcoin’s price action is currently hovering around the crucial $85,800 level. CoinGlass highlights a significant liquidity concentration around this point, suggesting active trading and potential market manipulation. This high activity might lead to a bullish breakout if BTC manages to clear this level with substantial volume, potentially triggering further upward movement. Conversely, it could act as a bearish trap if bears aggressively defend the zone, leading to price rejection and a short-term correction.