Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K

Key Points

1. Bitcoin's price is range-bound between $120K and $113K, influenced by liquidation clusters at $120K–$121K (resistance) and $113.6K–$114.5K (support).

2. The unfilled CME gap at $114.3K is a key technical factor likely to attract Bitcoin's price, historically increasing the probability of revisiting lower levels.

3. The $113.8K level acts as a critical midpoint influencing short-term price direction, with traders monitoring volume spikes and wick formations for signals.

4. Recent long wick formations suggest Bitcoin may revisit lower liquidity zones after failing to break above upper resistance.

5. The market lacks a decisive trend, with price movements expected to remain range-bound, oscillating between key liquidation levels and the CME gap.