Bitcoin price analysis now sees up to $111K liquidity grab next

5 hours ago

Key points:

Bitcoin bid publication liquidity is expanding arsenic BTC terms consolidates its caller alleviation bounce.
Market participants spot a liquidity drawback taking BTC/USD arsenic precocious arsenic $111,000 next.
The monthly adjacent is already successful absorption arsenic Bitcoin ekes retired humble gains for June.

Bitcoin (BTC) traders hazard caller losses acknowledgment to whipsaw BTC terms enactment next, investigation warns.

The latest speech bid publication information from monitoring assets CoinGlass shows premier conditions for a caller circular of “liquidity grabs” up to $111,000.

Liquidity sets up BTC terms showdown

Bitcoin continues to clasp the $105,000 people aft a brisk rebound from multi-week lows, acknowledgment to the Middle East ceasefire.

With BTC terms enactment consolidating, however, liquidity connected either broadside of the spot terms is increasing — and traditionally, this results successful a drawback determination to neutralize it, an lawsuit often called a liquidity “grab.”

“I wouldn't beryllium amazed to spot $BTC propulsion a small higher into the 107K's earlier pulling backmost and taking the liquidity beneath 105-104K with a speedy wick,” fashionable trader and expert Mark Cullen frankincense summarized to X followers connected June 25.

Cullen uploaded CoinGlass liquidity data, which tracks cardinal terms levels astatine which liquidation events should occur.

At the clip of writing, $108,000 was besides becoming a people acknowledgment to liquidity being replenished person to all-time highs.

Zooming out, chap trader Jelle noted that upside liquidity — particularly astir existent all-time highs — had go much important comparative to that sitting beneath price, expanding the likelihood of a determination higher.

“$111,000 looks anxious to beryllium tagged next,” helium suggested portion commenting connected CoinGlass data.

Trader Skew, meanwhile, flagged $103,000 arsenic a “pivotal” level should a downside liquidity drawback come.

“Currently marketplace is beauteous neutral successful presumption of positioning, longs opening targeting higher & shorts opening present arsenic hedges,” portion of his latest X analysis explained.

“The much liquidity that gets attracted present = greater the reaction.”

Analyst flags cardinal BTC terms monthly adjacent level

Liquidity conditions are eyeing volatility up of cardinal US macroeconomic information and the monthly candle close.

As Cointelegraph reported, June 27 volition spot the merchandise of the Federal Reserve’s “preferred” ostentation gauge amid signs that officials are open to an interest-rate cut adjacent month.

With BTC/USD wide up 1.7% successful June, the nonstop monthly adjacent level volition beryllium telling, trader and expert Rekt Capital says.

“A Monthly Close supra ~$102400 (blue) would corroborate the Monthly Range breakout,” helium wrote connected X alongside an explanatory illustration connected June 24.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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