Bitcoin Price Rejected After ‘FOMO Liquidity Grab’

On Oct. 19, Bitcoin (BTC) hovered near a crucial breakout level after a “FOMO liquidity grab” saw it rejected at $69,000. Data from Cointelegraph Markets Pro and TradingView indicated that BTC’s price action tightened following the last Wall Street trading session of the week. On the previous day, BTC/USD reached new three-month highs, nearly touching $69,000 on Bitstamp before losing its sudden gains. “Low volume + bear divs on this breakout,” popular trader Roman commented on X, adding, “Still think we come back down and consolidate before moving higher. This seems like a fomo liquidity grab before the real breakout.”