Bitcoin successfully defended the critical $108,400 support level amid recent market fluctuations, demonstrating strong resilience despite a liquidity sweep that briefly pushed prices below $106,000. Sustained buying pressure at this technical zone indicates robust market foundation as traders absorb available liquidity.
Technical charts show a significant Golden Cross formation with the 100-day moving average crossing above the 200-day moving average, signaling a long-term bullish trend. Key thresholds to monitor include resistance levels at $110,500 and $112,000. Market stability is underscored by current metrics, including a $2.15 trillion total market capitalization and daily trading volume of $42.76 billion, maintaining a 1.99% volume-to-market cap ratio.
Futures market conditions remain balanced with neutral funding rates, reflecting prudent leverage usage among traders. Analysis of liquidity concentrations identifies clusters above $111,000 as critical for sustained upward momentum. If these levels are breached, Bitcoin could target near-term resistance at $114,000 amid broader technical patterns suggesting potential long-term appreciation toward $180,000.