Bitcoin Trapped On Binance: The Battle Between

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Bitcoin Trapped On Binance: The Battle Between | Crypto News


Bitcoin is struggling to set up a clear direction as volatility tightens and merchants face rising uncertainty. After weeks of indecisive motion, short-term price motion stays uneven, leaving both bulls and bears without conviction. According to new insights from CryptoQuant, a complete analysis combining Price Action, Volume Profile, and Liquidation Heatmap data from Binance reveals that Bitcoin has been locked in a well-defined trading vary for the past 120 days.

The report highlights that this vary is centered between $107,500 and $119,300, with the Point of Control (POC) — the extent where the most trading quantity has occurred — sitting close to $117,500. Despite a number of makes an attempt to break greater, BTC has repeatedly failed to maintain momentum, falling back into this vary each time. Analysts counsel this sample displays a market in steadiness, ready for a catalyst to break decisively in either direction.

Within these boundaries, Bitcoin merchants are intently monitoring liquidity clusters and key quantity zones to anticipate the next big transfer. Whether BTC reclaims greater ground or exams decrease helps, the breakout from this 120-day vary may outline the next major section of the cycle.

Bitcoin Faces a Crucial Test at the Point of Control (POC)

According to CryptoOnchain’s latest analysis on CryptoQuannt, Bitcoin’s latest breakout attempt above its 120-day trading vary has failed to gain traction, forming what analysts call a basic “Look Above and Fail” sample. The transfer initially triggered a short squeeze that liquidated many sellers on Binance, briefly pushing the price greater. However, the rally shortly misplaced strength due to inadequate follow-through shopping for, main BTC to fall back into its established vary — a signal of underlying market weak point.

At current, Bitcoin is hovering just below the essential Point of Control (POC) close to $117,500 — the price stage where the most important trading quantity has occurred. This stage now acts as the key battleground for the next major transfer.

In the bullish situation, a confirmed breakout above the POC may flip this zone into assist and pave the way in which for a retest of the Value Area High (VAH) around $119,300. Such a transfer may also set off short liquidations, driving BTC toward the buy-side liquidity zone sitting above $120,000.

In the bearish situation, continued rejection from the POC would level toward renewed promoting strain, concentrating on the Value Area Low (VAL) close to $107,500 — where important stop-losses and long liquidations stay clustered.

Bitcoin Bears Defend the $110K Zone

Bitcoin is once again struggling to reclaim momentum after failing to break through resistance close to $111,000. The chart reveals that BTC stays trapped below key transferring averages, with the 50-day SMA performing as a dynamic ceiling around $112,000 and the 100-day SMA close to $114,000 reinforcing bearish strain. Meanwhile, the 200-day SMA, at the moment positioned around $107,000, is offering short-term assist — a essential line that bulls must defend to keep away from deeper losses.

The market construction signifies that BTC continues to commerce within a outlined vary between roughly $107,000 and $117,500. Recent price motion has been characterised by failed breakout makes an attempt and sharp pullbacks, highlighting indecision and low conviction among both bulls and bears.

A sustained transfer above the $111,000–$112,000 zone may open the trail for a take a look at of $117,500, which has repeatedly acted as a major resistance stage since August. However, a breakdown below $107,000 would possible speed up promoting strain toward the $103,000 space — the flash-crash low from earlier this month.

For now, Bitcoin stays in consolidation, with market contributors awaiting a decisive breakout to verify whether or not the next major transfer will likely be a bullish reversal or a continuation of the current downtrend.

Featured image from ChatGPT, chart from TradingView.com

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