Bitcoin Holds $108,400 Retest Zone as Traders Eye Potential Move Toward $114K and Beyond

Key Points

1. Bitcoin holds the $108,400 retest zone, with strong buying pressure following a liquidity sweep below $106,000, indicating market resilience.

2. A Golden Cross formation (100-day MA crossing above 200-day MA) signals a bullish long-term trend, with critical thresholds at $110,500 and $112,000.

3. Market capitalization stands at $2.15 trillion, with daily trading volume at $42.76 billion, reflecting stability and a volume-to-market cap ratio of 1.99%.

4. Futures market analysis shows neutral funding rates, suggesting balanced leverage and a prudent market stance.

5. Liquidity clusters above $111,000 and open interest levels are key to determining short-term price movements, with potential targets of $114,000 and $180,000.