{"id":35309,"date":"2025-01-13T11:00:33","date_gmt":"2025-01-13T11:00:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35309"},"modified":"2025-01-13T11:00:33","modified_gmt":"2025-01-13T11:00:33","slug":"bitcoin-price-struggles-with-liquidity-blocks-from-86000-to-104000-analyst-reveals-the-logical-thing-to-do","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35309","title":{"rendered":"Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do"},"content":{"rendered":"

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side<\/a>. According to a crypto analyst, Bitcoin\u2019s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break<\/a> to $86,000 from the current price.<\/p>\n

Massive Liquidity Blocks In Both Directions<\/h2>\n

Bitcoin\u2019s recent price consolidation has given little to no idea of what to expect from here, with the liquidation heatmap also relaying the same trend. As highlighted by<\/a> crypto analyst Kevin (@Kev_Capital_TA), Bitcoin\u2019s liquidation heatmap relays massive liquidation blocks from $86,000 to $90,000, all the way to $104,000.\u00a0<\/p>\n

According to the analyst, these massive liquidation blocks raise the possibility that the Bitcoin price would continue to sweep between these levels and create an up-and-down movement between $86,000 up until $104,000 till the end of the month. However, a break to $86,000 could have a devastating effect on the Bitcoin price. The Bitcoin UTXO Realized Price Distribution (URPD) ATH-Partitioned shows a $12,000 support void<\/a> below this price point. Therefore, a decline to $86,000 opens up the possibility of a further crash to $75,000.<\/p>\n

BItcoin\u2019s price action is likely to continue moving in the $86,000 up until $104,000 trading range and a bullish case will only emerge if Bitcoin eventually breaks above $108,000.<\/a> This level is important because it serves as Bitcoin\u2019s current price peak. A breakout beyond $108,000 would translate to new all-time highs for the leading cryptocurrency and could pave the way for a more sustained bullish trend.<\/p>\n

The analyst also emphasizes the importance of monitoring USDT dominance, which currently stands at 3.7%. Kevin argues that a clean breakdown of USDT dominance is a necessary signal for a more stable and bullish market environment. A consequence of the less USDT dominance is that investors are converting their stablecoins into Bitcoin and other cryptocurrencies.<\/p>\n

Logical Approach To The Liquidation Blocks<\/h2>\n

Kevin noted that the logical approach <\/a>would be to keep an eye on the market during these predicted up-and-down choppy movements. This approach is even more practical for traders who are more involved in recent trades and current price action.<\/p>\n

On the other hand, traders who have been holding since the bear market lows may find it easier <\/a>to weather the current volatility, given that the broader bullish outlook projects further price increases<\/a> throughout 2025.<\/p>\n

At the time of writing, Bitcoin is trading at $94,050 and is down by 0.5% and 5.46%, respectively, in the past 24 hours.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin\u2019s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of […]<\/p>\n","protected":false},"author":0,"featured_media":35310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35309","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\/35309"}],"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=35309"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35310"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}