Bitcoin Primed for Breakout as Liquidity Inflows Surge
Login

Bitcoin Primed for Breakout as Liquidity Inflows Surge

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Bitcoin primed for breakout as liquidity inflows surge. Recently, on-chain strategist Willy Woo observes that Bitcoin’s core metrics have shifted into expansion mode. Network capital inflows are surging, with 30-day net transfer volumes climbing even as speculative transactions contract. At the same time, Woo’s proprietary risk indicator has resumed a downward trend, suggesting that fresh liquidity is bolstering the market. This deepening of available funds implies that any dips are likely to be shallow and quickly reversed, reinforcing a more resilient trading environment.


Meanwhile, on-chain authority Rekt Capital emphasizes that a decisive weekly candle above $93,500 is essential for Bitcoin to reclaim its previous range, marking the initial phase of a broader upward trajectory. Adding to the bullish case, CryptoQuant’s head of research, Julio Moreno, notes that their Bull Score Index has risen to 60, driven by heightened BTC demand alongside expanding stablecoin reserves. This convergence of factors establishes a firmer monetary base, setting the stage for continued gains as bullish sentiment grows.

Key Bitcoin Levels To Watch – April 28

Bitcoin Primed for Breakout as Liquidity Inflows Surge

BTCUSD is showing bullish strength as price trades above the 9-day SMA (Simple Moving Average) at around $92,420 and maintains a series of higher highs and higher lows. The MACD (Moving Average Convergence Divergence) indicator is bullish, with the MACD line firmly above the signal line and increasing histogram bars supporting continued upward momentum.

Price recently passed the $91,690 level and is now consolidating just below the key psychological level of $96,000. If the bullish momentum holds, BTCUSD is likely to rally towards the $100,000 mark and possibly extend gains to around $108,390.

BTCUSD Key Levels 

Resistance Levels: $95,980, $100,000, $108,400
Support Levels: $85,010, $74,420, $66,780

Bitcoin METRICS

Total Market Capitalisation: $2.95T
Bitcoin Market Capitalisation: $1.87T
Bitcoin Volume: $31.55B
Market Rank: #1

Make money without lifting your fingers: Start using a world-class auto trading solution

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News