Bitcoin’s grip on $67K remains strong, but experts forecast a 10% decline in BTC price ahead.

Bitcoin (BTC) reached a price of $67,000 on May 19 as liquidity strengthened towards the end of the week. The resistance levels for Bitcoin are now centered around $70,000, with gains for the month currently exceeding 10%. One trader, Daan Crypto Trades, highlighted that $72,000 is the largest resistance zone, but there are still significant levels at around $68,000. Concentrations of liquidity were observed at $66,500 and $67,800. The 100-day moving average (MA) for Bitcoin was also noted as a crucial long-term support level. Another trader, Rekt Capital, believes that a mere 1% increase in BTC price could lead to a new chapter in the bull market. However, a more cautious view was presented by trader Credible Crypto, who suggested that BTC/USD could retest $60,000 or lower, resulting in a potential 10% drop. Altcoins would likely experience even more severe losses in this scenario. It is important to note that this article does not provide investment advice or recommendations, and individuals should conduct their own research before making any investment decisions.