Bitcoin’s Next Drop Could Target 66K as CME Gap and Liquidity Pools Align

Bitcoin swept 70K upside liquidity but a CME gap and heavy clusters at 66K-65K now threaten to pull price lower, per LP_NXT on X.

Bitcoin swept the upside liquidity sitting just above 70K and briefly held the level. That trade went according to script. What comes next is where it gets complicated.

On-chain analyst LP_NXT on X laid out the current structure with clarity. Price held 70K and cleared the highs. But the majority of liquidity still sits below, clustered between 70K and 69K, then extending into the 66K-65K zone where an open CME gap also waits.

That gap is the technical overhang few are talking about openly.

The 70K-69K Level Is Now the Line

LP_NXT posted the updated higher timeframe read on April 13, noting that a liquidation cluster is forming just below current price around the 70-69K region. Above last week’s high at 73K-74K, a separate cluster of upside liquidity sits untouched.

Two paths. Both depend on whether 70K-69K holds or breaks.

If Bitcoin manages to defend that zone, LP_NXT sees a path toward the unfilled CME gap near 73K and a potential sweep of the upper liquidity. That would be the cleaner bull scenario.

A loss of 70K-69K flips the entire picture. LP_NXT stated directly that a break below would likely shift momentum lower, targeting the CME gap around 67K first, then the deeper concentration at 65K-64K.

CME Gaps Do Not Stay Open Forever

CME gaps have a well-documented history of filling. The 67K gap and the 65K-66K cluster beneath it are not random levels.

They represent areas where futures price never traded. Those zones tend to attract price eventually, especially when broader market structure is already pointing lower. The whale sell wall at 69K has already been flagged separately by other analysts, which adds another layer of resistance sitting right above the level LP_NXT is watching.

That’s not a coincidence. Multiple technical structures are converging in the same place.

What the Setup Actually Means

LP_NXT’s read on the higher timeframe is measured, not alarmist. Price swept highs near 75K. Some liquidations got cleared above. But the bulk of the market’s liquid positions are still below, not above.

That skew matters. When most liquidity concentrates to the downside, price tends to visit it. Not always immediately. But the pull exists.

The 66K-65K zone is not just a support area. It is where unfinished business from the CME sits. And by LP_NXT’s read, any sustained failure at 70K-69K opens the door for that move to begin.

Nothing here constitutes financial or investment advice. This article is based on publicly available technical analysis and cited sources. Always conduct independent research before making any financial decisions.

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