This Is Why Bitcoin (BTC) May Easily Reach $72,500.

Given the present distribution of liquidity, Bitcoin is unlikely to face any difficulties rising upwards even if it is now trading near the lower end of the monthly trading range. According to the given chart, most selling pressure is situated well over the $70,000 mark, and at this point, some purchasing volume is all that is required for a reversal.
The $70,000–$80,000 range of liquidity denotes a notable concentration of leverage used in liquidations. It's feasible that, once it begins to rebound, Bitcoin may rise quickly to reach these high-liquidity zones given the upper-level liquidity. 

TradingView's BTC/USD Chart

The selling pressure decreases significantly below these levels, creating an atmosphere that is conducive to price increases. At $57,000, which is a little bit above its 200-day moving average, Bitcoin is currently finding support. It is necessary for the bullish momentum to maintain this degree of technical support. If purchasers step in and support Bitcoin, the path to $72,500 and beyond becomes more accessible. The dynamics of market liquidity are important in this situation.
Because there is plenty of liquidity sitting over $70,000, significant purchasing activity can start a chain reaction of liquidations that will soon drive the price higher. Moreover, past trends and market behavior suggest that when liquidity is significantly skewed to the topside,

Traders and investors should watch for increased buying volume and positive market mood, as both could serve as catalysts for this upward trajectory. In conclusion, given the distribution of liquidity and the levels of technical support, there is a significant chance that Bitcoin will hit $72,500.

Although the market attitude appears gloomy due to recent price drops, the underlying liquidity suggests that a strong rally might be on the horizon. It is wise to stay alert for buying opportunities and market indicators that could indicate the beginning of this anticipated movement.