TechFlow news, January 22 — According to Cointelegraph, Keith Alan, co-founder of trading platform Material Indicators, said that as Bitcoin's price approaches a new all-time high, buy-side liquidity supporting the price has been removed, which could lead to a short-term pullback toward $100,000. Currently, Bitcoin is consolidating within the $101,000–$106,000 range.
Analyst Rekt Capital noted that if Bitcoin closes above the $106,000 resistance level on the daily chart and successfully retests it, this could propel the price to reach a new all-time high.
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