Bitcoin Eyes New All-Time Highs Amid Liquidity Build-Up
- Bitcoin price reached $108,000 on June 29, marking a modest gain of up to 3% over the weekend.
- Analysts highlight $109,000 as a critical resistance level for Bitcoin to achieve new record highs.
- Liquidity is concentrated between $109,200 and $111,000, with over $47.6 million at the $109,500 mark.
- A potential short squeeze could occur if liquidity between $110,000 and $112,300 is absorbed.
Bitcoin’s price movement suggests a possible breakout to new all-time highs as liquidity builds around key levels. Analysts emphasize the importance of surpassing the $109,000 mark for continued upward momentum.
With significant liquidity clustered at strategic points, Bitcoin’s trajectory towards price discovery appears increasingly likely if these thresholds are breached. (Source)
