Can Bitcoin Break Through 72K Resistance and Hit a New Peak

Bitcoin bulls are currently facing challenges in maintaining the price level within the range of $69K-$71K. The ongoing battle between bulls and bears is causing fluctuations in the price of BTC, but analysts believe 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 the worldwide liquidity is approaching $100 trillion. This information was disclosed by Philip Swift, the founder of the on-chain data platform LookIntoBitcoin. This development has the potential to push the price of BTC higher.