Bitcoin (BTC) remains in a consolidation phase following the October 10 market crash, with bulls now pushing prices back above critical resistance 0 recovery toward the $115K region has renewed optimism across the market, as the monthly close approaches and traders anticipate a possible shift in 1 to several analysts, this phase may represent the calm before the storm, a typical pattern seen before large directional moves. On-chain data and liquidity metrics suggest that capital is accumulating on the sidelines, ready to rotate into Bitcoin once clear bullish confirmation 2 BTC manages to break above its previous all-time high (ATH), analysts believe it could trigger a new impulsive phase, similar to the post-accumulation surges observed in earlier bull 3 rates remain stable, suggesting that leverage is still moderate — a positive sign for a potential sustainable rally.
Furthermore, liquidity concentration near key resistance zones indicates that a decisive breakout could quickly attract institutional and retail 4 volatility compresses and the market digests recent shocks, Bitcoin appears to be building strength for its next major move, with liquidity and sentiment aligned for a possible bullish continuation into 5 Liquidity Builds as Stablecoin Supply Ratio Hits Cycle Lows According to Glassnode data , the Stablecoin Supply Ratio (SSR) Oscillator remains near its cycle lows, signaling a period of high stablecoin liquidity relative to Bitcoin’s market 6 simple terms, this means there is a substantial amount of buying power sitting in stablecoins — the digital cash reserves of the crypto ecosystem — waiting for the right moment to re-enter the market.
Historically, such conditions have often preceded major bullish phases for 7 stablecoin liquidity is high, it implies that investors are holding capital in readiness rather than fleeing the market 8 market confidence strengthens, these reserves typically flow back into risk assets like Bitcoin and Ethereum, creating a wave of bid-side pressure that fuels upward 9 the moment, Bitcoin is trading just above $115K, still recovering from the October 10 crash that disrupted short-term sentiment. Yet, despite recent volatility, liquidity indicators such as the SSR suggest that the market’s underlying structure remains 10 now represent a significant portion of total crypto liquidity, and their abundance indicates that participants are positioned to buy the dip once conviction 11 interpret the current SSR trend as a bullish latent signal, reflecting a macro setup similar to those seen before previous expansion 12 Bitcoin manages to stabilize and reclaim higher levels, the excess liquidity sitting in stablecoins could act as a catalyst for a strong impulse move, driving BTC toward a new cycle 13 this context, the SSR’s position near historical lows might represent not just a sign of caution, but an early signal that the next major liquidity-driven rally could already be forming beneath the 14 Retests Resistance as Bulls Regain Control Bitcoin (BTC) continues its recovery, trading around $115,300 after a strong rebound from the $108K region earlier this 15 12-hour chart reveals a clear upward structure forming, with bulls now challenging the $117,500 resistance level, a zone that has repeatedly acted as both support and rejection in recent 16 is currently trading above the 50-day and 100-day moving averages, signaling renewed short-term strength, while the 200-day MA around $113K has turned into a solid support base.
A sustained breakout above $117.5K could open the door for a move toward $120K–$123K, confirming a short-term impulsive phase and potentially restoring investor confidence after weeks of 17 has been rising alongside price, suggesting genuine buying interest rather than speculative spikes. However, BTC’s momentum remains sensitive to macroeconomic factors and liquidity conditions. A rejection at this level could lead to another retest of $111K, maintaining the consolidation range. Overall, Bitcoin’s current technical structure looks constructively 18 price manages to close above $117.5K with strong volume, it would likely confirm the end of the post-crash stagnation and set the stage for a new leg higher, supported by improving liquidity and market 19 image from ChatGPT, chart from 20
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