Recent data regarding Bitcoin (BTC) liquidity indicates a growing volume in the market, correlating with recent price fluctuations. Analysts are observing key liquidity levels.
Liquidity and Bitcoin Price Fluctuations
Monitoring resources such as [CoinGlass](https://www.coinglass.com/pro/futures/LiquidationHeatMap "null") indicate conditions for a new round of liquidity grabs up to $111,000. Bitcoin has maintained the $105,000 mark following a swift rebound from multi-week lows, driven by the situation with the [Middle East ceasefire](https://cointelegraph.com/news/bitcoin-cme-gap-analysis-says-world-war-3-off-the-table "null"). As liquidity on either side of the spot price grows, it is likely to result in a sudden move.
Price Forecast Up to $111,000
Popular trader and analyst Mark Cullen suggested that $BTC could push slightly higher into the 107K's before potentially retracting to take liquidity below the $105-104K level. 'I wouldn't be surprised to see $BTC push a little higher into the 107K's before pulling back and taking the liquidity below 105-104K with a quick wick,' Cullen summarized for his followers on X. Trader Jelle noted that liquidity above, especially near all-time highs, has become more significant, increasing the odds of a move higher to $111,000.
Key Factors for Upcoming Monthly Close
Analysts expect volatility ahead of crucial U.S. macroeconomic data and the monthly close. The market appears to be neutral as longs open targeted at higher prices while shorts are hedging. Notably, closing the month above ~$102400 would confirm a breakout from the monthly range, as noted by trader Rekt Capital.
Given the rising liquidity in the market and anticipated price changes for Bitcoin, traders should carefully monitor key levels and macroeconomic indicators to accurately assess potential future movements.
