Can Bitcoin Break Through 72K Resistance and Hit a Record High

Bitcoin bulls are currently facing challenges in maintaining the price range between $69K to $71K. The ongoing battle between bulls and bears is causing fluctuations in the BTC price, but analysts are optimistic that the asset may soon embark on a bullish rally. The recent surge in Bitcoin’s global liquidity to a record high of $94 trillion indicates that worldwide liquidity is approaching $100 trillion. This information was shared by Philip Swift, the founder of the on-chain data platform LookIntoBitcoin, suggesting the potential for BTC price to rise in the near future.