Bitcoin’s price currently hovers around the $112,400 level, facing a significant challenge at the key resistance of $119,000. Recent market data reveals over $128 million in liquidations across Bitcoin trading platforms. Analysts attribute this volatility to the asset’s current uncertainty within the fear zone on the charts as both bullish and bearish signals are present. Bitcoin continues to struggle in consolidation, encountering rejections after multiple attempts at a recovery. The market is witnessing increased activity with daily trading volume surpassing $88.9 billion, demonstrating heightened volatility. Fear & Greed Index** currently sits at 34, suggesting market uncertainty. Coinglass data confirms a significant liquidation event of $128.77 million in Bitcoin over the last 24 hours. The asset is trapped between resistance at $119,000 and support at $96,530, creating potential for both bullish gains and bearish correction. Will Bitcoin break through this resistance or will it continue its downtrend?