Bitcoin’s Liquidity Cluster Near $107,000 Sparks Rally Speculation 📈
Bitcoin has rebounded since hitting a low of $100,424 but struggles to surpass $105,000. Recent on-chain data indicates a significant liquidity cluster above this level, potentially signaling an upward price movement.
A liquidity cluster around $106,736 may attract buyers, increasing the chance of a price breakout. A decrease in BTC’s Network Realized Profit/Loss suggests reduced selling pressure, supporting bullish sentiment.
Currently trading at $105,630, Bitcoin's fate hovers between breaking out to $109,310 or potentially pulling back to $103,938, influenced by market demand and selloffs.