Analyst Identifies $63,000 As Key Support For Next Bitcoin Move

A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price. Bitcoin Market Structure Suggests More Volatility Ahead In a 4th of April post on the X platform, KillaXBT revealed the possible trajectories the Bitcoin price could follow over the coming weeks. The crypto trader’s analysis is based on the current technical structure of BTC, citing multiple support and resistance levels visible on its weekly timeframe. Related Reading: Bitcoin Price Breakdown To $45,000: The Levels To Watch Out For Next Steps The analyst explained that the past few weeks had investors seeing multiple sweeps across external highs and internal lows. More precisely, the sequence appears to have started about four weeks ago with a sweep of external range highs, which in tur