Although the on-chain signal is bullish, BTC remains heavily influenced by broader market sentiment, which has weakened amid rising tensions between Israel and Iran.
➡️The price rally of Bitcoin could halt if the geopolitical situation worsens further, potentially dropping towards US$103,061. If the liquidity cluster near US$103,000 fails to provide support, a deeper decline to US$101,610 could occur.
✴️BTC Bulls Maintain the Line
➡️One of the more prominent signals comes from the concentrated liquidity cluster formed around the US$103,000 zone. Readings from the BTC liquidation heat map indicate liquidity concentration below its price at the US$103,221 zone.
