Bitcoin eyes $113K as bullish momentum builds, with price reclaiming trend support and strong volume clustering between $102K and $106K.
Doctor Profit sees short liquidations above $113K as likely, driven by the recovery of the golden line and fading market uncertainty.
Range-bound movement persists between $105K and $112K, but consistent buying pressure and tight spreads point to bullish continuation.
Bitcoin is showing renewed strength as it eyes a liquidity cluster near $113,000. The current setup follows a sharp rebound from sub-$100,000 levels, fueled by bullish momentum and diminishing market uncertainty. According to Doctor Profit’s recent analysis, the end of geopolitical tensions and the recovery of Bitcoin’s “golden line” support is resetting market sentiment. Price currently trades above $103,000 with strong daily gains, setting the stage for potential short liquidations stacked near $113,000.
Volume Clusters Define Price Structure
Bitcoin’s price structure is defined between the $102,000 and $110,000 range. The heat map shows intense trading volume between $102,000 and $106,000. This zone acts as a strong decision point, reflecting major accumulation. Moreover, repeated price tests confirm this level as critical support. A visible bounce from below $100,000 has helped reclaim lost ground. Consequently, the chart now shows renewed upward pressure.
Source: Doctor Profit
Besides, resistance remains just below $110,000. Price previously broke this level in late May but faced rejection near $112,000. This created a short-lived breakout before a retracement. However, Bitcoin is climbing above its ascending trend line. It shows positive market intent despite minor corrections along the way.
Perpetual Chart Signals Strength
Bitcoin’s perpetual futures chart on Binance confirms bullish continuation. Price has surged from $85,000 in May to current levels around $103,000. Additionally, a daily gain of over 2% reinforces ongoing momentum. Order book data shows tight spreads, indicating strong trading activity. There is visible buyer interest slightly above current prices.
Moreover, price behavior throughout June and early July remains range-bound. Resistance sits around $112,000 while support holds at $105,000. However, recent movement shows Bitcoin climbing above key trend supports. The rally follows the potential recovery of the golden line—a critical signal for invalidating bearish positions.
Source: Doctor Profit
Doctor Profit monitors this level closely. He maintains a stop loss at $103,300, ready to exit shorts if price regains strength. The setup signals cautious optimism, with momentum favoring bulls. Consequently, if Bitcoin breaks above $113,000, a wave of short liquidations could trigger a fresh rally.
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