- Bitcoin hits a new all-time high at $107,000, breaking critical levels
- A supply zone could trigger a short-term retracement to grab liquidity left below
- Alternatively, BTC may push higher before any correction, targeting nearby liquidity highs
In yesterday’s analysis, we talked about Bitcoin potentially continuing its upward trajectory after grabbing liquidity below. And guess what? That’s exactly what happened.
The price took the liquidity and then came back around $107,000.
But now the big question arises: What comes next for Bitcoin?
Price Scenarios to Watch
A Pullback After Tapping Supply
Bitcoin has recently touched a supply zone—a level where sellers are typically waiting to push the price lower. This could trigger a short-term retracement, with the price targeting all the liquidity it left behind during its meteoric rise.
If this happens, it wouldn’t be surprising to see Bitcoin dipping back toward key levels to balance the market structure.
Another Surge Before a Pullback?
However, let’s not rule out the bulls just yet. The price reaction at the supply zone hasn’t been overly impulsive—suggesting that demand remains strong.
In fact, Bitcoin has left small highs of liquidity close to the current levels, and it might decide to grab those before any potential drop.
Both scenarios are on the table, and the market could swing either way. After all, we’re dealing with Bitcoin here—where unpredictability is part of the game.
Navigating Uncertainty
At this point, it’s crucial to remember:
- Nothing is certain in trading. Markets move in ways that can surprise even the most experienced analysts.
- These scenarios are possibilities—not guarantees. Always stay prepared for any outcome.
So, whether Bitcoin decides to correct lower or push even higher, one thing’s for sure—it’s a fascinating time to watch the charts.
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