Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	48,874,795,457	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

48,874,795,457

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00034	0.10%	0.33422	0.33423	0.33425

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00034

0.10%

0.33422

0.33423

0.33425

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.33907	0.32922	0.3354	0.33388	0.077260 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.33907

0.32922

0.3354

0.33388

0.077260 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:10:55	165.60	0.33422	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:10:55

165.60

0.33422

USD

Price x Volume	Volume	Base Symbol	Related Pairs
26,834,531.23	80,240,763.19	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

26,834,531.23

80,240,763.19

Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

13/01/2025 11:00am

NEWSBTC

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price. Massive Liquidity Blocks In Both Directions Bitcoin’s recent price consolidation has given little to no idea of what to expect from here, with the liquidation heatmap also relaying the same trend. As highlighted by crypto analyst Kevin (@Kev_Capital_TA), Bitcoin’s liquidation heatmap relays massive liquidation blocks from $86,000 to $90,000, all the way to $104,000. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown According to the analyst, these massive liquidation blocks raise the possibility that the Bitcoin price would continue to sweep between these levels and create an up-and-down movement between $86,000 up until $104,000 till the end of the month. However, a break to $86,000 could have a devastating effect on the Bitcoin price. The Bitcoin UTXO Realized Price Distribution (URPD) ATH-Partitioned shows a $12,000 support void below this price point. Therefore, a decline to $86,000 opens up the possibility of a further crash to $75,000. BItcoin’s price action is likely to continue moving in the $86,000 up until $104,000 trading range and a bullish case will only emerge if Bitcoin eventually breaks above $108,000. This level is important because it serves as Bitcoin’s current price peak. A breakout beyond $108,000 would translate to new all-time highs for the leading cryptocurrency and could pave the way for a more sustained bullish trend. The analyst also emphasizes the importance of monitoring USDT dominance, which currently stands at 3.7%. Kevin argues that a clean breakdown of USDT dominance is a necessary signal for a more stable and bullish market environment. A consequence of the less USDT dominance is that investors are converting their stablecoins into Bitcoin and other cryptocurrencies. Logical Approach To The Liquidation Blocks Kevin noted that the logical approach would be to keep an eye on the market during these predicted up-and-down choppy movements. This approach is even more practical for traders who are more involved in recent trades and current price action. Related Reading: Dogecoin Whales Go on 470 Million DOGE Buying Spree Amid Bullish Recovery In Major Metrics On the other hand, traders who have been holding since the bear market lows may find it easier to weather the current volatility, given that the broader bullish outlook projects further price increases throughout 2025. At the time of writing, Bitcoin is trading at $94,050 and is down by 0.5% and 5.46%, respectively, in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin