INSUBCONTINENT EXCLUSIVE:
Key takeaways:Bitcoin price consolidates around $105,000 as liquidity builds up above the spot price.A support/resistance flip at $106,00 is
After tapping the liquidity around $103,000, traders said a correction to areas below $100,000 was unlikely as liquidity builds up above
lingers, upside hinges on holding above $102KMN Capital founder Michael van de Poppe spotted Bitcoin hovering at $104,400, saying that after
Source: CrypNuevoAs reported by Cointelegraph, the $100,000 level is an important psychological boundary with implications for sentiment
should it fail to hold.Liquidation clusters pop up above $106,000Several traders eye a potential upside liquidity grab with ask orders
clustering above $106,000.The latest data from monitoring resource CoinGlass showed price eating away bids around $105,000, with ask-orders
clustering between the spot price and $109,000.Bitcoin liquidation heatmap (screenshot)
Source: CoinGlassThe chart above shows ask orders worth $70 million building up around $106,500, with the $109,000-$110,000 cluster being
to close positions and driving prices toward $110,000, which is the next major liquidity cluster.This article does not contain investment
advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.