$BTC
Liquidity is under scrutiny, as the weekly close remains at $105,000
After a relatively flat weekly close, Bitcoin is striving to regain lost ground by surpassing $107,000 at the start of the week.
As a result, much of the drop that occurred as an immediate reaction to the conflict between Israel and Iran has been canceled, according to data from Cointelegraph Markets Pro and TradingView.
"It closed the week above $104,500, which is a very good sign. Now we just have to hold," said popular trader Crypto Tony optimistically on X.
The demand liquidity blocks above the spot price at the weekly open received a visit during the first trading session on Wall Street, and analyst Mark Cullen saw the possibility that liquidity might also be taken below the price.
The monitoring resource CoinGlass also pointed out the liquidity of the order book as a key factor that could influence the price in the short term, with particular interest in the $104,000 level.
Binance BTC/USDT liquidations heatmap. Source: CoinGlass/X
"BTC is moving in a small range this month, only 10% between the high and the low," continued analyst and YouTube presenter Rananjay Singh.
“But in the last four years, each month it moved more than this. This tells us that a big movement is coming, either up or down.”