BTCUSD : Price targets 70,000 liquidity

BTCUSD

Looking at the weekly chart of BTCUSD, we can see price's intention to clear out buy-side liquidity resting at the 69500 zone.

This is expected because price has shown a similar cycle before raiding the buy-side liquidity resting above the 64800 zone.

Price is seen to be reacting to a demand zone presently and we expect a rally up into the 7000 zone soon.