Bitcoin Trapped On Binance: The Battle Between $107K and $119K Heats Up

Bitcoin is struggling to establish a clear direction as volatility tightens and traders face increasing ￰0￱ weeks of indecisive movement, short-term price action remains choppy, leaving both bulls and bears without ￰1￱ to new insights from CryptoQuant, a comprehensive analysis combining Price Action, Volume Profile, and Liquidation Heatmap data from Binance reveals that Bitcoin has been locked in a well-defined trading range for the past 120 ￰2￱ Reading: Hyperliquid Futures Indicator Signals Whales Are Going Long – Details The report highlights that this range is centered between $107,500 and $119,300, with the Point of Control (POC) — the level where the most trading volume has occurred — sitting near $117,500.

Despite several attempts to break higher, BTC has repeatedly failed to sustain momentum, falling back into this range each ￰3￱ suggest this pattern reflects a market in balance, waiting for a catalyst to break decisively in either ￰4￱ these boundaries, Bitcoin traders are closely monitoring liquidity clusters and key volume zones to anticipate the next big ￰5￱ BTC reclaims higher ground or tests lower supports, the breakout from this 120-day range could define the next major phase of the ￰6￱ Faces a Crucial Test at the Point of Control (POC) According to CryptoOnchain’s latest analysis on CryptoQuannt, Bitcoin’s recent breakout attempt above its 120-day trading range has failed to gain traction, forming what analysts call a classic “Look Above and Fail” ￰7￱ move initially triggered a short squeeze that liquidated many sellers on Binance, briefly pushing the price higher.

However, the rally quickly lost strength due to insufficient follow-through buying, leading BTC to fall back into its established range — a sign of underlying market ￰8￱ present, Bitcoin is hovering just below the critical Point of Control (POC) near $117,500 — the price level where the largest trading volume has ￰9￱ level now acts as the key battleground for the next major ￰10￱ the bullish scenario, a confirmed breakout above the POC could turn this zone into support and pave the way for a retest of the Value Area High (VAH) around $119,300. Such a move could also trigger short liquidations, driving BTC toward the buy-side liquidity zone sitting above $120,000.

In the bearish scenario, continued rejection from the POC would point toward renewed selling pressure, targeting the Value Area Low (VAL) near $107,500 — where significant stop-losses and long liquidations remain ￰11￱ Reading: XRP Whales Flood Binance With Massive Deposits – Selling Pressure Mounts Bitcoin Bears Defend the $110K Zone Bitcoin is once again struggling to reclaim momentum after failing to break through 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, is providing short-term support — a critical line that bulls must defend to avoid deeper ￰12￱ market structure indicates that BTC continues to trade within a defined range between approximately $107,000 and $117,500.

Recent price action has been characterized by failed breakout attempts and sharp pullbacks, highlighting indecision and low conviction among both bulls and ￰13￱ Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit A sustained move above the $111,000–$112,000 zone could open the path for a test of $117,500, which has repeatedly acted as a major resistance level since August. However, a breakdown below $107,000 would likely accelerate selling pressure toward the $103,000 area — the flash-crash low from earlier this ￰14￱ now, Bitcoin remains in consolidation, with market participants awaiting a decisive breakout to confirm whether the next major move will be a bullish reversal or a continuation of the current ￰15￱ image from ChatGPT, chart from ￰16￱