Bitcoin Bounces Above $67,000 as Traders Navigate a ‘Liquidity Hunt’ Post-Surge
Bitcoin has steadied above $67,000, with experts predicting a retest of $70,000 as the U.S. election and upcoming NFP data shape market bias.
Sebastian Sinclair
By Sebastian Sinclair
Oct 24, 2024
3 min read
Bitcoin. Image: Created by Decrypt using AI
Bitcoin. Image: Created by Decrypt using AI

Bitcoin’s price has rebounded from a ten-day low as traders attempt to gauge a short-term direction amid a “liquidity hunt” following last week’s surge to its near-all-time high.

The asset is trading relatively flat on the day to around $67,500 after dropping to as little as $65,160 on Thursday, CoinGecko data shows.

It comes as Bitcoin’s price breached $69,000 on Sunday—the asset’s all-time high, set on March 14, stands at just above $73,700.

That has some experts postulating the asset’s move lower this week may have been short-lived.