TLDR:
- Bitcoin trades at $103,129 after a 1.79% daily drop, holding within a narrow technical range.
- Liquidity clusters form near $100K and $108K, creating a potential squeeze setup.
- Key resistance sits at $105,300, while downside liquidity lies below $98,950.
- Trading volume exceeds $74 billion, signaling active participation despite range-bound action.
Bitcoin is showing renewed volatility as traders monitor key liquidity zones on both sides of the current range. The price briefly dipped below $101,400 before rebounding, reflecting growing uncertainty near critical support.Â
According to data from CoinGecko at publication, BTC trades at $103,129, down 1.79% in 24 hours. The asset’s seven-day performance also shows mild weakness, slipping 0.05% amid tightening market ranges.
Traders Watch Resistance at $105K and Support at $100K
Market participants remain focused on the $105,300 resistance level, which could determine the next BTC directional move.Â
According to trader Lennaert Snyder, a breakout above that mark could flip the local downtrend and open a path toward $107,200. He noted that a failure to hold above $102,400 could bring renewed pressure, potentially testing support near $100,800.Â
Liquidity beneath $98,950 remains a risk zone that could attract deeper downside wicks.
Daan Crypto Trades shared a similar view, noting that liquidity clusters are forming below the $98K–$100K range and above $107K–$108K. He suggested that whichever side breaks first could trigger a sharp price squeeze due to the density of resting orders.Â
The area around $112K was also mentioned as a higher resistance zone, though it remains out of play for now. The market appears to be consolidating as traders await a decisive breakout.
Liquidity Maps Hint at Potential Volatility Ahead
The Bitcoin market structure remains tight, with liquidity building near key levels that could dictate short-term movement.
On lower timeframes, traders are monitoring for higher-lows around $102,400, but such setups carry elevated risk after multiple rejections. The latest price action suggests Bitcoin is still trading within a defined range, awaiting a clear break above or below current liquidity pockets.
Data from CoinGecko shows daily trading volume surpassing $74 billion, underscoring sustained activity despite minor declines. Analysts point out that the current setup resembles previous compression phases that often precede larger swings.Â
A clean move through either $105K or $100K could define the next trend, with traders positioning accordingly. Bitcoin continues to hover near critical technical levels as liquidity concentration shapes the next move.
The post Bitcoin Price at Crossroads: $100K Liquidity or $108K Breakout Next? appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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