Bitcoin struggles to establish a clear direction as volatility rises and traders face increasing uncertainty. After weeks of indecisive movement, near-term price action remains volatile, leaving both bulls and bears unconvinced. According to the new findings of CryptoQuanta, a comprehensive analysis of combining Promotional price, Quantity profile, and Liquidation heat map data from Binance reveals that Bitcoin has been locked in a well-defined trading range for the past 120 days.
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The report notes that this range is between $107,500 and $119,300, with Point of Control (POC) — the level where the most trading volume occurred — near $117,500. Despite several attempts to break higher, BTC repeatedly failed to sustain the momentum, falling back into this range each time. Analysts suggest this pattern reflects a market in equilibrium, waiting for a catalyst to break decisively in either direction.
Within these limits, Bitcoin traders carefully monitor liquidity clusters and key volume zones to predict the next big move. Regardless of whether BTC retraces higher levels or tests lower support, a breakout from this 120-day range could define the next major phase of the cycle.
Bitcoin Faces Crucial Test at Point of Control (POC)
According to the latest data from CryptoOnchain analysis on CryptoQuannt, Bitcoin’s recent attempt to break above its 120-day trading range failed to gain traction, forming what analysts call a classic “Look Above and Fail” pattern. The move initially sparked a brief squeeze that liquidated many sellers on Binance, briefly pushing the price higher. However, the rally quickly lost steam due to insufficient subsequent buying, which sent BTC back into its established range — a sign of underlying market weakness.
Currently, Bitcoin is moving just below the critical value Point of Control (POC) near $117,500 — the price level where the highest trading volume occurred. This level now acts as a key battleground for the next big move.
In a bullish scenario, a confirmed break above the POC could turn this zone into support and pave the way for a retest High Value Area (VAH) about $119,300. Such a move could also trigger short liquidations, leading BTC towards the buy-side liquidity zone above $120,000.
In a bearish scenario, a continued rejection of the POC would indicate renewed selling pressure, aimed at Low Value Area (VAL) near $107,500 — where significant stop-losses and long liquidations are still clustered.
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Bitcoin bears are defending the $110k zone
Bitcoin is once again struggling to regain momentum after failing to break through the resistance near $111,000. The chart shows that BTC remains trapped below key moving averages, with the 50-day SMA acting as a dynamic ceiling around $112,000 and the 100-day SMA near $114,000 reinforcing bearish pressure. Meanwhile, the 200-day SMA, currently positioned around $107,000, provides near-term support — a critical line that bulls must defend to avoid further losses.
The market structure shows that BTC continues to trade within a defined range between approximately $107,000 and $117,500. Recent price action has been marked by failed breakout attempts and sharp pullbacks, highlighting indecision and low conviction among bulls and bears.
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A sustained move above the $111,000-$112,000 zone could pave the way for a test of $117,500, which has repeatedly acted as a major resistance level since August. However, a break below $107,000 would likely accelerate selling pressure towards the $103,000 area – the lowest level since the decline earlier this month.
For now, Bitcoin remains in consolidation, with market participants waiting for a decisive breakout to confirm whether the next big move will be a bullish reversal or a continuation of the current downtrend.
Featured image from ChatGPT, chart from TradingView.com
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