Bitcoin’s Bullish Trajectory: Can it Break Above $111K?

Bitcoin finds itself navigating a tight range near $111,000. While facing resistance from heavy liquidity pressures and key order blocks, traders are looking for clues to determine if Bitcoin can reclaim bullish momentum. The market is displaying signs of short-term bearish pressure as evidenced by repeated rejection at the $111,000 level. This has led to a tight range bounded by liquidity bands near $110,406. These conditions are being driven by factors like Fair Value Gaps and order blocks in the $106,000-$111,000 range.