Bitcoin is showing signs of smart money accumulation after a sweep of demand near $112K. The recent price action hints at engineered liquidity grabs, with BTC currently trading around $113,883.
What’s unfolding?
🟠 $BTC tapped into a strong demand zone ($111K–$112.5K) and bounced, indicating possible buyer interest.
A short-term retrace remains possible, targeting another liquidity sweep before a potential move higher.
Key resistance levels lie at $115.5K,$117.8K, and the final target area around $122K, where stop orders likely reside.
📉 Market Outlook: This setup aligns with a bullish reversal structure often used by institutional players. If the pattern holds, BTC could be gearing up for a strong leg upward after consolidating near support.
Strong demand at $112K
Liquidity traps likely below recent lows
Upside targets: $116K → $118K → $122K
#BTC #ProjectCrypto #btc
