Bitcoin News Today: Bitcoin Locked in Tight Trading Range Amid Liquidity Pressures as Analysts Maintain $140,000 Long-Term Target

Bitcoin’s price remains in a tight trading range as liquidity pressures mount, with analysts maintaining a long-term price target of $140,000 despite near-term volatility. The cryptocurrency, which reached an all-time high of $123,100 last week, has since struggled to gain traction, reflecting a tug-of-war between sellers and buyers in key markets.

Recent data from on-chain analytics firm CryptoQuant highlights growing bearish sentiment, particularly on Binance, where Bitcoin’s Net Taker Volume has turned negative for the second time in a month, falling below $60 million. This metric suggests that market participants are predominantly taking profit positions, indicating retail-driven selling pressure. The trend aligns with regional demand patterns: the US Coinbase Premium Index has shown minimal movement for most of July, signaling cautious buying behavior, while the Korean Premium Index has dipped into negative territory, reflecting discounts on local exchanges.

Despite these challenges, bullish momentum persists near critical support levels. Bitcoin’s ability to hold above $115,000 has been a focal point for market participants. Analyst Boris Vest notes that the current liquidity battle—where sellers near $116,000 are swiftly absorbed and buyers cap out around $120,000—demonstrates a balanced two-sided market. A recent $4.1 billion negative cumulative volume delta (CVD) was immediately countered by a $2.3 billion positive spike, underscoring resilience in buyer demand. This dynamic suggests that as long as Bitcoin remains above $110,000, the bulls retain structural control, with upside potential if sell-side liquidity thins.

Technical analysis points to a potential catalyst for a breakout. A sweep of the daily fair value gap (FVG) between $115,200 and $112,000 could unlock liquidity needed to push Bitcoin beyond its current peak. Traders emphasize that rapid absorption of this zone—via liquidations and price inefficiency corrections—could set the stage for a rally past $123,100. However, a failure to rebound sharply from this level after retesting recent lows near $115,700 may indicate weakening momentum, exposing downside risks.

Long-term optimism remains intact. Bitcoin researcher Axel Adler Jr. argues that the market is still in a growth phase, with “room for further upside toward $139,000 without overheating.” His analysis aligns with broader forecasts that view the current consolidation as a prelude to a larger move. While short-term volatility persists, the absence of excessive optimism suggests that the $140,000 target remains plausible, contingent on sustained buyer absorption at key price levels.

The path forward hinges on liquidity dynamics. If sellers continue to be neutralized near $115,000 and buyers step in decisively, Bitcoin could transition from a defensive to an offensive posture. Conversely, prolonged weakness in regional demand or a breakdown below critical support could test the resilience of the bulls. For now, the market’s focus remains on the tight trading range, with analysts closely monitoring the balance of power between buyers and sellers.