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Bitcoin Stability Above $100K: Is the Next Bull Run Triggered by Breakout from $110K Liquidation Zone Imminent?

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  • Key trading range between $96,000 and $111,000 identified as crucial for future Bitcoin price movements and market stability.
  • Dense order concentrations near $109,700 may trigger volatile price shifts, influencing Bitcoin’s trajectory towards new highs.

Bitcoin remains above the $100,000 mark, even after a recent 2.5% decline in value. This decrease led to the liquidation of $65.47 million worth of trading positions, with long positions making up $54.10 million of these liquidations, according to recent data from Coinglass.

Total-Liquidations-Chart
Source: Coinglass

Crypto analyst Kevin, known on social platforms as Kev_Capital_TA, has pinpointed a trading range between $96,000 and $111,000 as crucial for Bitcoin’s future. This range is where significant trading activity is concentrated, as shown on Bitcoin’s liquidity heatmap.

Kevin suggests that this area will likely dictate the cryptocurrency’s direction after several months of fluctuating prices within these boundaries.

A liquidity heatmap helps to identify where large volumes of buy and sell orders are placed, indicating potential areas where the market might either turn or break out. The dense concentration of orders within this designated range hints at possible increased volatility as Bitcoin approaches these figures, potentially impacting less seasoned investors.

The chart marks these important zones in green, indicating high activity levels that tend to draw further price actions. The most considerable concentration of liquidity is near $109,700, just above Bitcoin’s recent highest price of $108,786.

This proximity to its previous high suggests that reaching this point again could significantly influence Bitcoin’s pricing behavior. Numerous buy and sell orders around $109,700 suggest a key area for future price movements.

Kevin also comments on Bitcoin’s recent trading pattern, noting the cryptocurrency’s extended period of stable trading. This began with eight months of sideways movement in late 2024, followed by a short-lived price increase and another three months of low volatility.

For Bitcoin to initiate a new phase of upward momentum, it would need to break above the top limit of its current liquidation zone at $110,000. Such a move could either trigger a substantial rally or lead to a significant sell-off, depending on existing market sentiment and trading activities in this zone.

BTCUSDT_2025-01-23_16-43-17
Source: Tradingview

Bitcoin (BTC) is currently priced at $104,988.21 USD, with a slight increase of 0.53% over the last 24 hours. Its market capitalization stands at $2.09 trillion USD, supported by a robust 24-hour trading volume of $93.22 billion USD, reflecting heightened market activity. 

Bitcoin’s circulating supply remains at 19.81 million BTC, nearing its maximum supply of 21 million, reinforcing its scarcity-driven value. The cryptocurrency has shown resilience above its $105,000 support level, indicating strong bullish sentiment.

However, short-term resistance is expected at $106,500, with the potential to test $110,000 if the upward momentum continues. On the downside, immediate support at $103,000 offers stability against potential retracements.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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