Bitcoin traders may be in for another volatile spell as fresh analysis suggests a new round of liquidity-driven price moves could be on the horizon.
BTC has managed to hold the $105,000 level after rebounding from recent multi-week lows.
The recovery was partly spurred by a ceasefire in the Middle East, providing temporary stability.
Still, data from CoinGlass shows liquidity building up on both sides of the current spot price, setting up what traders refer to as a potential “liquidity grab”—a swift price movement that targets these pools.
“I wouldn’t be surprised to see $BTC push a little higher into the 107K’s before pulling back and taking the liquidity below 105-104K with a quick wick,” said analyst Mark Cullen on X.
He shared a heatmap from CoinGlass that highlighted levels where liquidation events could take place, pointing to growing pressure above and below the current price.
$108K and $111K in Focus for Upside Move
As liquidity accumulates near all-time highs, $108,000 has emerged as another likely price target, with market depth strengthening in that region.
Analyst Jelle suggested that the odds of a move higher are increasing.
“$111,000 looks eager to be tagged next,” he said, pointing to CoinGlass heatmaps showing a strong liquidity cluster at that level.
This view was echoed by others who believe that BTC could extend its rally before experiencing any significant correction.
Fellow trader Skew flagged $103,000 as a key support level to watch in case of a sharp drop.
“Currently market is pretty neutral in terms of positioning, longs opening targeting higher & shorts opening here as hedges,” he wrote on X.
“The more liquidity that gets attracted here = greater the reaction.”
Macro Events and Monthly Close Add to Pressure
Bitcoin’s price trajectory is now at a critical juncture ahead of the monthly candle close and upcoming U.S. economic data releases.
One such release is the Federal Reserve’s preferred inflation gauge, which could influence rate expectations and indirectly impact crypto markets.
If the data shows further disinflation, it may pave the way for a Fed rate cut in the near term.
BTC is currently up 1.7% for the month of June.
A strong monthly close would signal a bullish breakout from its current range, according to technical analyst Rekt Capital.
“A Monthly Close above ~$102400 (blue) would confirm the Monthly Range breakout,” he noted on X, sharing a chart to illustrate the pattern.
Whipsaw Risks Remain Despite Bullish Signs
Despite the upward momentum, traders remain cautious about sudden “whipsaw” price action—quick reversals triggered by aggressive moves toward liquidity levels.
With liquidity clustering both above and below current levels, Bitcoin remains vulnerable to sharp, unpredictable swings.
Until macroeconomic data provides clearer direction, BTC may continue to trade within a wide, volatile band as market participants look for the next breakout or breakdown trigger.
