- Bitcoin consolidates above $106K after a bullish R/S flip, targeting $114K with strong momentum and liquidity buildup.
- Liquidation zones between $ 112 K-$114 K could trigger sharp upward volatility as shorts face stop-outs in a bullish market structure.
- Higher lows, bullish volume, and no reversal candles reinforce Bitcoin’s steady momentum toward the next resistance zone.
Bitcoin is showing strong continuation signs after reclaiming previous resistance near $106,000, now flipped to support. The price remains near $109,000 as liquidity builds toward $114,000, forming a potential breakout setup.
Price Structure Holds Above R/S Flip
Bitcoin recently cleared a multi-month resistance at $106,000 and is now consolidating above this level. This resistance/support (R/S) flip signals structural strength and suggests momentum continuation in the near term. Market participants are now watching $114,000 as the next upside target.
Source: Crypto Nuevo
As in the post by Technical analyst Crypto Nuevo, sentiment around Bitcoin’s setup remains bullish. He noted a clear R/S flip after a successful breakout from $106,000 resistance, which is now acting as support. According to Crypto Nuevo, the current structure shows steady bullish control and ongoing consolidation above former resistance zones.
He has provided insights that place emphasis on the strong liquidity cluster between $112,000 and $114,000. This area is now a dominant liquidation zone, with price projected to test it next. He highlights that if Bitcoin pushes into this pocket, forced liquidations may drive sharp upside volatility.
More intriguing is the fact that recent price action has formed a clear staircase pattern of higher lows and higher highs. Volume confirms buyer strength, and the absence of major reversal candles supports the bullish narrative. Beyond this, it’s important to recognize that no bearish divergences appear on the daily structure.
Analyst Tracks Liquidation Zones and Heatmap Signals
Crypto Nuevo continues on the detailed analysis using high time frame (HTF) and low time frame (LTF) liquidation maps. His heatmap shows liquidation density increasing between $112,000 and $114,000, creating a magnet zone for price. Short traders in this band face exposure to potential stop-outs if upward momentum continues.
Source: X
Another key consideration is that a smaller cluster sits near $105,700, signaling downside risk if $106,000 breaks. He suggests this level could offer a new long entry if price retests and rebounds. The structure remains intact as long as the support holds under volatility pressure.
Analysts suggest Bitcoin’s current cycle has not reached euphoric highs seen in previous peaks. The Rate of Change (ROC) data still places the market in a growth phase. This supports the view that Bitcoin’s momentum is methodical, with room for further upside before exhaustion.
