Bitcoin below $100K now ‘less likely’ as BTC price eyes liquidity at $106K

Bitcoin price hovers around $105,000 on Wednesday and shows staying power as BTC’s chance of falling to $100,000 appears to be decreasing, new analysis suggests.

Key takeaways:

Bitcoin price consolidates around $105,000 as liquidity builds up above the spot price.

A support/resistance flip at $106,00 is a must for the bulls as $100,000 remains a key level.

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