Bitcoin (BTC) is strengthening its bullish trend again by breaking through a major liquidity point. With buying pressure around $100,000 (approximately 139 million won), the price reached an all-time high of $111,000 (approximately 154.29 million won), and attention is now focused on whether it will break through to the next price level.
On the daily chart, there is another buying liquidity zone above this peak, which is likely to be the target point for institutional investors and so-called 'smart money'. If this zone is strongly broken through, the price could sharply rise along with short position liquidation (short squeeze). However, this zone also has potential profit-taking sell orders, leaving room for some resistance. Currently, Bitcoin is forming a box range between $100,000 and $111,000 (approximately 139 million to 154.29 million won), and the direction of breaking out of this range is expected to determine the medium to long-term trend.
The trend on the 4-hour chart remains positive. Bitcoin has broken through the recently formed 'bullish flag' pattern, which is interpreted as a strong signal of continued upward trend. The current price is approaching a short-term order block, which is a key resistance zone where supply can flow in. If buying pressure takes control and secures support, the price could soon move towards setting a new all-time high again. However, a temporary adjustment or confirmation of the breakout point is also entirely possible before that.
On-chain indicators also support the upside potential. Looking at the liquidation heatmap for Bitcoin/Tether (BTC/USDT) on the Binance futures market, there are large liquidity clusters above $111,000 (approximately 154.29 million won) and below $100,000 (approximately 139 million won). This suggests a high possibility that institutional or whale investors may induce sharp price movements by liquidating positions of individual investors using excessive leverage.
Considering the strong optimism spread across the market and the trends of technical and on-chain indicators, the analysis gaining strength is that Bitcoin has a sufficient possibility of breaking through the $111,000 resistance line and entering a new price discovery area in the medium term. The price movements in the coming days are expected to be a crucial turning point.
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