Crypto Express

07/11 01:42

Bitcoin’s rise tests resistance as liquidity build

As noted, volatility at this stage is a given, but absorbing it without breaking structure will depend heavily on FOMO-driven flows.

Notably, despite 100% of BTC holders now sitting in profit, analysts still project $130k as the next major target. Until then, selling pressure remains surprisingly restrained, with no broad profit-taking visible on-chain.

In fact, in contrast to the May rally when smart money offloaded into strength, this breakout is seeing whales scale in near the top. That aggressive positioning from deep pockets may just be what sustains Bitcoin’s rise from here.

If the current structure holds, the next key resistance lies at $112,361, precisely where a $17 million short liquidation cluster could act as a launchpad for a sharp upside move.

As for the bigger picture? Until bulls break this resistance zone with real conviction, Bitcoin’s rise toward higher targets will hinge on how liquidity maps out through Q3.

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