Bitcoin -Price analysis: BTC looks at a withdrawal to $ 118k for the next large leg up

Bitcoin is broken above his ATH in the $ 125K region, which indicates a strong momentum.

Nevertheless, the market now comes to a decisive phase, whereby consolidation or a short-term retracement can form the next important directing directional movement.

Bitcoin -Price analysis: Technical means

By Shayan

The daily graph

In the daily period of time, BTC has successfully broken over the flag pattern that the price action has limited since July, which confirms a strong trend for the front. The movement above the upper limit coincided with an increase in the momentum that the price in the previous food zone wore around $ 124k – $ 126k, where sellers started to show a mild resistance.

The bullish structure remains intact, supported by the Golden Cross between the travel averages of 100 and 200 days, which continue to act as dynamic support lines. As long as the price remains above $ 120K, the wider uprising remains valid and a clean daily closure above $ 126k can open the path to $ 130k – $ 132k in the short term.

However, not holding above $ 120K can activate a healthy retracement in the direction of the Mid-Range support near $ 115k, which matches the Breakout structure and the 0.618 Fibonacci racement.

The 4-hour graph

The 4-hour graph shows BTC, which recently increases above the $ 118k decision point, making it a breaker block and quickly comes to the ATH zone around $ 125k. The impulsive nature of this movement has created a clear imbalance, identified between $ 115k and $ 113k with potential retracement zones, in accordance with the Fibonacci -Moemo -flowering levels (0.618-0.702 range).

This zone serves as a short -term area, and would be held above, would confirm the continuous bullish control. The market is currently consolidating near a liquidity -proof area, which suggests that a short withdrawal can attract renewed purchase rate before the next leg is higher.

If the price does not defend the $ 118k breakout block and the $ 113k $ 115k Fibonacci range, the following important question is around $ 109k $ 110 K, where strong buying has initiated the outbreak earlier.

Sentiment analysis

By Shayan

The newest 1-week Binance liquidation heat map reveals an important accumulation of liquidity zones, with particularly dense liquidation clusters that form approximately $ 128k- $ 130k. These regions with a high density indicate where a large volume of lifting tree positions have been collected, making them ideal goals for potential price deportation or liquidity wipe.

During the recent rally from $ 110k to above $ 123k, we can observe a steady absorption of a lower level of liquidity, every upward boost that cleans up earlier short positions before they consolidate. The presence of large liquidation suits under the current price, especially around the $ 120K region, emphasizes that the downward risk is also in the game, which suggests that the market is still ready for a withdrawal or correction before the next movement.

This shift reflects a bias for market positioning in which late sellers enter shorts near resistance, causing Bitcoin Room to rise to $ 128k – $ 130k because those positions are forced to close.

If the price maintains its foot above $ 120k, a continuation of short squeeze will probably appear in the upper liquidity tire before a meaningful retracement occurs.