Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do
Bitcoin price has been consolidating near the $94,000 mark for much of the past seven days There are signs of breakthrough on both sides. Bitcoin’s recent price action has led to the creation of liquidity blocks observed in the $86,000 to $104,000 range, increasing the likelihood of a rally to $104,000 or $104,000 equally, according to a cryptocurrency analyst. Downside breakout Rising from current price to $86,000.
A large amount of liquidity is blocked in both directions
Bitcoin’s recent price consolidation has left little doubt as to what will happen next, and the liquidation heat map reflects the same trend. as highlighted Cryptocurrency analyst Kevin (@Kev_Capital_TA) said Bitcoin’s liquidation heat map moved large liquidation blocks from $86,000 to $90,000 all the way to $104,000.
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The analyst said that these large liquidation blocks increase the likelihood that Bitcoin price will continue to fluctuate between these levels and establish a range between $86,000 and $104,000 by the end of the month. However, a break above $86,000 could have a devastating impact on Bitcoin price. Bitcoin UTXO Realized Price Distribution (URPD) ATH Partition Support at $12,000 Shows Invalid Below this price point. Therefore, a drop to $86,000 could lead to a further drop to $75,000.
Bitcoin price action is likely to continue to fluctuate within the $86,000 to $104,000 trading range, with a bullish scenario only emerging if Bitcoin gains momentum It eventually broke above $108,000. This level is important because it is Bitcoin’s current price peak. A break above $108,000 would translate into a new all-time high for the leading cryptocurrency and could pave the way for a more sustained bullish trend.
The analyst also emphasized the importance of monitoring USDT dominance, which currently stands at 3.7%. Kevin believes that a complete collapse of USDT dominance is a necessary signal for a more stable and bullish market environment. One consequence of USDT’s waning dominance is that investors are converting their stablecoins into Bitcoin and other cryptocurrencies.
Logical method for clearing blocks
Kevin pointed out Logical method Keep an eye on the market as these forecasts move up and down. This approach is more practical for traders who are more involved in recent trades and current price movements.
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On the other hand, traders who have held since the bear market lows Might find it easier Given the broader bullish outlook for current volatility Prices are expected to rise further Throughout 2025.
At the time of writing, Bitcoin is trading at $94,050, down 0.5% and 5.46% in the past 24 hours.
Featured image created using Dall.E, chart from Tradingview.com
