Key points:
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Bitcoin bulls are faced with several resistances because the prices remain stuck, but some see liquidity increasing a short pressure.
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BTC price forecasts continue to see levels below more than $ 109,000 in the short term.
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Volatility is almost guaranteed to come back, and traders now need “patience”.
Bitcoin (BTC) had trouble holding $ 113,000 after Tuesday’s Wall Street opened while the analysis expected new stockings.
The $ 109,000 area becomes a new BTC price goal
Cointelegraph Markets Pro and TradingView data has shown a BTC price action stuck between the areas of high order liquidity.
The place for movement was therefore limited and short -term forecasts favored more downwards.
“$ BTC goes lower before it increases,” indicators of negotiated resource materials summarized in a post on X.
A table that accompanies him with the BTC / USDT controller control liquidity on the largest world exchange binance has revealed a significant lack of support over $ 110,000.
Continuing, ONCHAIN GLASSNODE’s analysis company looked at the basis of the costs of recent bitcoin buyers, also suggesting that the area around the old summits of all time could provide a price price of the BTC.
“For $ BTC, Airgaps between $ 109,000 and $ 116,000 are gradually filled with drops. The staircase model indicates a constant investor commitment in last month,” he said.
“Until now, we have seen a limited distribution of the range of $ 118,000 to $ 120,000, which suggests that these holders choose to pass.”
Not everyone was concerned about a larger BTC price drop.
By analyzing the liquidity, the popular ThekingFisher account underlined the attraction of the general costs.
“Look at $ BTC – Almost 70% of liquidations are shorts above us”, part of a post X read alongside a long and short crypto distribution table.
“It means there is a huge fuel swimming pool that awaits to be swallowed up. Institutions love to play with these liquidity hotspots. We look at this flush. “
Bitcoin volatility “on the horizon again”
The popular merchant Daan Crypto transforms while waiting for resistance to the eyes in the form of simple (SMA) and exponential (EMA) mobile averages over 4 hours.
In relation: Bitcoin vouchers add 630 BTC while ETFs lose $ 300 million as a price range
“The bulls must break this region to be back in control and start to aim higher,” he said.
Crypto trader, analyst and entrepreneur Michaël Van de Poppe said that, whatever, the behavior of BTC prices within range would not last.
“Patience is required with regard to $ BTC. No break up, no break down,” he concluded on Tuesday.
“The slowdown in volatility, which means that a big blow is again on the horizon.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
