Bitcoin Hits 68K as Trader Takes Partial Profits

Bitcoin hits $68K as trader trims 15% of longs, eyes $73K, and flags liquidity building near $65.2K within range.

Bitcoin traded near $68,000 as a market participant reported taking partial profits on an existing long position.

The move followed a steady push higher from recent lows near $63,000, where the trader had earlier identified a potential bottom and range structure.

Bitcoin Trades Within Established Range

According to Astronomer, Bitcoin continues to form a range after bouncing from the $63,000 level.

He noted that markets do not always trend higher or lower, but can also move sideways for extended periods.

According to his view, the current structure reflects that range bias.

In his post on X, he said that $65,700 was used as a long entry due to visible liquidity at that level.

Limit orders were placed in advance, and price reached that level during the following session. The reaction allowed the position to move into profit without prior drawdown.

Bitcoin later advanced toward $68,000 as the hourly trend remained upward.

The trader attributed the move to correct intraweek bias alignment. He added that price action respected short-term structure during the climb.

Liquidity Builds Near $65,200

Despite the upward move, the trader identified growing liquidity around $65,200 and slightly below.

He stated that this area could attract prices if short-term conditions shift. A technical intraweek level was also noted in that zone.

He said that a move toward $65,200 would not invalidate the broader range outlook.

Instead, he described it as a possible sweep before continuation higher. Stop-loss levels and points of interest were placed with that scenario in mind.

The trader also mentioned that Friday sessions can bring intraweek trend reversals.

He said this pattern adds short-term uncertainty, even though the broader expectation remains intact. Price behavior around liquidity zones remains under observation.

Related Reading: BTC Shorts Pull Back From $72K as Traders Face the Hardest Part of Trading

Partial Profit Taken at $68,000

At $68,000, the trader reported closing an additional 15 % of the position. He stated that this action was taken due to light concerns while maintaining an overall bullish outlook.

With earlier reductions, he said 55% of the original position has now been closed.

He indicated that the remaining portion is held for a potential move above $70,000. The next upside level referenced was $73,000 within the current range framework.

However, he does not expect an immediate breakout beyond that area.

“If we go straight to $65,200 from here, I believe that’s a better chance for higher,” he said.

He added that a move to $73,000 could present a short opportunity back toward $65,200 if range conditions persist.

The plan was described as structured and action-based. The trader emphasized defined entries, partial exits, and predefined risk levels.

Bitcoin price action near $68,000 continues to reflect active participation within a broader range environment.

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