Bitcoin Price Analysis: BTC Bulls Push for a Rally as Risks Remain
Bitcoin continues to hover inside a consolidation section after its sturdy rebound from the $107K zone. While indicators of bullish momentum are rising, the subsequent transfer will largely rely on whether or not the worth can break via close by liquidity ranges or face rejection and pull again for renewed accumulation.
Technical Analysis
By Shayan
The Daily Chart
On the each day timeframe, BTC is buying and selling inside a well-defined vary between $107K assist and $123K resistance. The current inflow of consumers on the decrease boundary fueled a sharp rebound, permitting the asset to reclaim the 100-day shifting common and advance towards the vary high.
This construction displays renewed demand, as members defend key helps. The decisive set off now lies on the $123K higher boundary. A breakout above this stage wouldn’t solely mark a new all-time high but additionally verify bullish continuation for the broader development.
The 4-Hour Chart
Zooming into the 4-hour chart, Bitcoin has rallied near the $117K swing high, the place notable buy-side liquidity is positioned simply above. While the bullish construction stays intact, a brief pullback into the decision-point demand zone at $110.7K–$113.1K can’t be dominated out.
This space has beforehand attracted sturdy shopping for curiosity, and a profitable retest would reinforce the bullish case. If consumers defend this zone and reclaim momentum, the liquidity above the swing high may act as a magnet, probably fueling a continuation transfer towards larger ranges.
On-chain Analysis
By Shayan
The 1-week Bitcoin liquidation heatmap highlights a dense cluster of liquidations sitting simply above the current swing high, aligning with the liquidity mentioned within the 4-hour chart.
Markets typically speed up into such zones, as cease orders and compelled liquidations amplify momentum. A clear push via the swing high would probably set off this cascade, forcing shorts to cowl and driving worth larger.
This reinforces the outlined situation: whereas a transient pullback into demand stays attainable, the trail of least resistance more and more factors towards liquidity absorption above the swing high, a setup that would serve as a catalyst for continuation towards new highs.
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