{"id":106806,"date":"2025-10-22T15:30:27","date_gmt":"2025-10-22T15:30:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=106806"},"modified":"2025-10-22T15:30:27","modified_gmt":"2025-10-22T15:30:27","slug":"bitcoin-trapped-on-binance-the-battle-between-107k-and-119k-heats-up","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=106806","title":{"rendered":"Bitcoin Trapped On Binance: The Battle Between $107K and $119K Heats Up"},"content":{"rendered":"

Bitcoin is struggling to establish a clear direction as volatility tightens and traders face increasing uncertainty. After weeks of indecisive movement, short-term price action remains choppy, leaving both bulls and bears without conviction. According to new insights from CryptoQuant, a comprehensive analysis combining Price Action, Volume Profile,<\/em> and Liquidation Heatmap<\/em> data from Binance reveals that Bitcoin has been locked in a well-defined trading range for the past 120 days.<\/p>\n

The report highlights that this range is centered between $107,500 and $119,300, with the Point of Control (POC)<\/em> \u2014 the level where the most trading volume has occurred \u2014 sitting near $117,500. Despite several attempts to break higher, BTC has repeatedly failed to sustain momentum, falling back into this range each time. Analysts suggest this pattern reflects a market in balance, waiting for a catalyst to break decisively in either direction.<\/p>\n

Within these boundaries, Bitcoin traders are closely monitoring\u00a0liquidity<\/a> clusters and key volume zones to anticipate the next big move.\u00a0Whether BTC reclaims higher ground or tests lower supports, the breakout from this 120-day range could define the next major phase of the cycle.<\/p>\n

Bitcoin Faces a Crucial Test at the Point of Control (POC)<\/h2>\n

According to CryptoOnchain\u2019s latest analysis<\/a> on CryptoQuannt, Bitcoin\u2019s recent breakout attempt above its 120-day trading range has failed to gain traction, forming what analysts call a classic \u201cLook Above and Fail\u201d pattern. The move initially triggered a short squeeze that liquidated many sellers on Binance, briefly pushing the price higher. However, the rally quickly lost strength due to insufficient follow-through buying, leading BTC to fall back into its established range \u2014 a sign of underlying market weakness.<\/p>\n

At present, Bitcoin is hovering just below the critical Point of Control (POC)<\/em> near $117,500 \u2014 the price level where the largest trading volume has occurred. This level now acts as the key battleground for the next major move.<\/p>\n

In the bullish scenario, a confirmed breakout above the POC could turn this zone into support and pave the way for a retest of the Value Area High (VAH)<\/em> around $119,300. Such a move could also trigger short liquidations, driving BTC toward the buy-side liquidity zone sitting above $120,000.<\/p>\n

In the bearish scenario, continued rejection from the POC would point toward renewed selling pressure, targeting the Value Area Low (VAL)<\/em> near $107,500 \u2014 where significant stop-losses and long liquidations remain clustered.<\/p>\n

Bitcoin Bears Defend the $110K Zone<\/h2>\n

Bitcoin is once again struggling to reclaim momentum after failing to break through resistance near $111,000. The chart shows that BTC remains trapped below key moving averages, with the 50-day SMA acting as a dynamic ceiling around $112,000 and the 100-day SMA near $114,000 reinforcing bearish pressure. Meanwhile, the 200-day SMA, currently positioned around $107,000, is providing short-term support \u2014 a critical line that bulls must defend to avoid deeper losses.<\/p>\n

The market structure indicates that BTC continues to trade within a defined range between approximately $107,000 and $117,500. Recent price action has been characterized by failed breakout attempts and sharp pullbacks, highlighting indecision and low conviction among both bulls and bears.<\/p>\n

A sustained move above the $111,000\u2013$112,000 zone could open the path for a test of $117,500, which has repeatedly acted as a major resistance level since August. However, a breakdown below $107,000 would likely accelerate selling pressure toward the $103,000 area \u2014 the flash-crash low from earlier this month.<\/p>\n

For now, Bitcoin remains in consolidation, with market participants awaiting a decisive breakout to confirm whether the next major move will be a bullish reversal or a continuation of the current downtrend.<\/p>\n

Featured image from ChatGPT, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin is struggling to establish a clear direction as volatility tightens and traders face increasing uncertainty. After weeks of indecisive movement, short-term price action remains choppy, leaving both bulls and bears without conviction. According to new insights from CryptoQuant, a comprehensive analysis combining Price Action, Volume Profile, and Liquidation Heatmap data from Binance reveals that […]<\/p>\n","protected":false},"author":0,"featured_media":106807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-106806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106806"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106806"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/106807"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}