Bitcoin merchants hope for the summits in the form of BTC coils under the liquidity

Key points:

  • Bitcoin revisits $ 113,000 before the opening of Wall Street on Tuesday in the middle of a new gold decision.

  • This level becomes a recommendation for long entrances, but not everyone is optimistic.

  • Liquidity conditions show a short pressure of $ 115,000.

Bitcoin (BTC) returned to $ 113,000 on Tuesday, while the price prices of the BTC of merchants began to change.

BTC / USD graphics of one hour. Source: Cointelegraph / TradingView

The BTC price rebound lacks “high demand for points”

Cointelegraph Markets Pro and TradingView data showed new local summits of $ 113,279 at Wall Street Open.

BTC / USD was built on a higher hollow of the weekend, which preserved $ 110,000 in support.

Now, market players have seen the potential for bulls to make a more sustained assault against resistance to general costs.

“Here,” wrote Crypto Trader, analyst and entrepreneur Michaël Van de Poppe in an answer on X.

Van de Poppe noted that Bitcoin had recovered the simple 20 -day mobile average (SMA) nearly $ 111,500 and also won the $ 112,000 mark.

“Gold prints new strong Aths-> $ BTC is probably following,” he continued, referring to Bitcoin’s habit to follow the escapes on XAU / USD with a slight delay.

BTC / USDT Table of a day. Source: Michaël Van de Poppe / X

Compatriot Crypto Tony, on the other hand, described $ 113,000 as an appropriate entry point.

“Above $ 113,000 is a long position on daily life,” he confirmed to X followers.

BTC / USDT perpetual contract for one day. Source: Crypto Tony / X

Others were cautious, including cryptographic and entrepreneurs Ted pillows, who reported a lack of interest in the market to the point as a reason to doubt the sustainability of the current local trend.

Bitcoin liquidity will rinse “always a possibility”

Meanwhile, an overview of the liquidity of the crypto exchange control book shows a thick request line immediately above the price, extending to $ 114,500.

In relation: BTC DIP predictions fall below $ 90,000: 5 things to know in Bitcoin this week

BTC liquidation Heatmap. Source: Coringlass

This attracted the attention of certain traders, who suspected that the resistance patch could be a deliberate ploy to influence the price trajectory.

“$ BTC strikes the door of a short -term area with high effect,” CW commented to Crypto Investor and Data Analyst CW.

Overnight, the indicators of commercial resource materials provide that the area of ​​less than $ 115,000 could provide “a little friction” for Bitcoin bulls.

Despite this, he argued, the macroeconomic tail winds – in particular in the form of the reduction interest rates of the American federal reserve next week – should provide a “return to the summits”.

“Do not let it be wrong by thinking that there cannot be another flush to support because it is always a possibility,” he warned.

Liquidity data of the BTC / USDT control book with whale orders. Source: Material indicators / X

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.