Bitcoin (BTC) is facing three major price levels that will serve as a watershed for short-term price movements. These price ranges, which are currently drawing attention from various indicators, are acting as a 'liquidity battlefield' beyond simple technical resistance lines.
The first key price level is around $106,000, with significant liquidation pressure just above this point for oversold positions. If Bitcoin breaks through this range, analysts suggest prices could surge as selling forces are forced to close their positions. Currently, Bitcoin is trading around $107,000 and is strongly attempting to break through this point.
The second notable price level is $108,000. Technically, this is an intersection with a downward trend line and a concentrated liquidity zone. Breaking through this level could temporarily reduce short positions and potentially strengthen upward momentum. Experts view this point as the most critical short-term resistance line.
The third and final major level is between $111,500 and $112,000, which could become the 'final defensive line' for mass liquidations if the previous two price levels are breached. This range is considered more than a simple technical resistance level, potentially serving as an exit point for remaining short positions and a trigger for price surges.
These price levels are more significant in terms of liquidity concentration rather than simple moving averages or support/resistance lines. According to CoinGlass's liquidation heatmap, these areas are points where high-leverage traders are concentrated, suggesting sensitive market reactions.
Market participants note that the $106,000-$108,000 and $112,000 levels will likely determine Bitcoin's course in the near term, potentially laying the groundwork for new highs. With heightened price volatility and concentrated leverage positions, extreme directional shifts are anticipated in the coming days.
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