Bitcoin on the Edge: Will BTC Break Out or Face a Fakeout After Tight Consolidation?
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The post Bitcoin on the Edge: Will BTC Break Out or Face a Fakeout After Tight Consolidation? appeared first on Coinpedia Fintech News Bitcoin price has been trading in a tight consolidation range, leaving traders wondering whether the next move will be a strong breakout or a deceptive fakeout. After weeks of sideways price action, market participants are closely watching key support and resistance levels for signs of momentum. With sentiment shifting and trading volumes fluctuating, every move now carries significance. In this delicate phase, BTC’s next direction could set the tone for the broader crypto market, making it a critical juncture for investors and traders alike. Bitcoin Consolidating Within Major Liquidation Zone The current price action seems to have compelled the investors to create a safe cluster around the range. The liquidation heatmap of Bitcoin shows the price trading between the liquidity cluster, which is accumulated between $112,100 and $112,300 and around $110,800. The bulls are failing to break the upper cluster, which is expected to drag the levels lower to squash the sellers. On the other hand, the Open Interest has been consistently plunging from over $87 billion to close to $80 billion. This suggests the future traders are either not opening new positions or closing their positions. Now that money is flowing out of the market, signalling the beginning of the exhaustion phase, the BTC price is now believed to reverse the trend as well. Additionally, the Coinbase premium is also negative and the US inflation data is coming this week. With this, the Bitcoin price is expected to sweep the lower liquidity. Will Bitcoin Price Test the Support at $108,000? Although the price has rebounded from the local support at $107,300, the rally, in the wider perspective, remains consolidated within a descending channel. Meanwhile, the bulls…
Filed under: News - @ September 8, 2025 3:23 pm