Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, BTC is trading inside a well-defined range between $107K support and $123K resistance. The recent influx of buyers at the lower boundary fueled a sharp rebound, allowing the asset to reclaim the 100-day moving average and advance toward the range high.
This structure reflects renewed demand, as participants defend key supports. The decisive trigger now lies at the $123K upper boundary. A breakout above this level would not only mark a new all-time high but also confirm bullish continuation for the broader trend.
The 4-Hour Chart
Zooming into the 4-hour chart, Bitcoin has rallied close to the $117K swing high, where notable buy-side liquidity is positioned just above. While the bullish structure remains intact, a short pullback into the decision-point demand zone at $110.7K–$113.1K cannot be ruled out.
This area has previously attracted strong buying interest, and a successful retest would reinforce the bullish case. If buyers defend this zone and reclaim momentum, the liquidity above the swing high could act as a magnet, potentially fueling a continuation move toward higher levels.
On-chain Analysis
By Shayan
The 1-week Bitcoin liquidation heatmap highlights a dense cluster of liquidations sitting just above the recent swing high, aligning with the liquidity discussed in the 4-hour chart.
Markets often accelerate into such zones, as stop orders and forced liquidations amplify momentum. A clean push through the swing high would likely trigger this cascade, forcing shorts to cover and driving price higher.
This reinforces the outlined scenario: while a brief pullback into demand remains possible, the path of least resistance increasingly points toward liquidity absorption above the swing high, a setup that could serve as a catalyst for continuation toward new highs.
The post Bitcoin Price Analysis: BTC Bulls Push for a Rally as Risks Remain appeared first on BitcoinLinux.
