- The price of Bitcoin hasn’t caught up with expanded global liquidity yet, so there may be more growth ahead.
- Bitcoin is currently testing $103,735 support and could move up to $105,503 resistance. A breakout may result in a stronger rise in bitcoin’s price.
- Many traders view the latest dip as only consolidation in the larger uptrend, and it doesn’t show any signs of a shift in sentiment.
Bitcoin is currently trading at $104,026, posting a slight 0.6% decline over the past 24 hours. Even though Bitcoin dropped a little lately, larger economic stats show it could continue to rise. One key indicator is that Bitcoin has diverged from rising global liquidity, seen in the last few weeks.
Liquidity Expansion Leading Market Expectations
The comparison of Bitcoin and global liquidity figures suggests that Bitcoin has not completely responded to the rising capital entering global markets. Bitcoin often follows liquidity trends after a delay, and it usually takes time for price changes to happen.
Global liquidity and Bitcoin are further apart than before, and analysts are keeping a close eye on this gap. Bitcoin could fix this gap by rising in price, avoiding a squeeze in global liquidity.
Key Support and Resistance Levels
The immediate support level is located at $103,735, a zone that has consistently provided stability during recent intraday dips. On the upside, resistance sits at $105,503, a mark tested earlier this week but not decisively breached.
If Bitcoin manages to sustain a break above this resistance, the price could head towards levels not seen since the early months of 2025. Still, the market is reacting with caution, with short-term investors taking profits when important price points are reached.
Market Sentiment and Technical Alignment
At the moment, Bitcoin’s slight price decline is not considered a sign of a larger trend break. Instead, it looks like a normal pause in an ongoing consolidation, with buyers waiting for signs from the market or outside events.
Global liquidity expansion is still an important factor that might keep affecting digital asset values. If the trend of rising global liquidity continues, analysts think Bitcoin could also rise. Bitcoin is currently below major resistance levels, though its trading structure matches the flow of broader liquidity. The current gap between price and liquidity trends could set up for more moves in Bitcoin’s price over the next few sessions.
