Bitcoin News Today: Bitcoin Consolidates Between $115,000 and $121,000 Amid Policy Uncertainty and Liquidity Testing

Bitcoin remains in a prolonged consolidation phase within the $115,000 to $121,000 range, with recent price action showing a breakdown below the $116,000 level. Despite this, analysts suggest that the market is not yet signaling a definitive bearish trend, and a breakout—either to the upside or downside—remains a likely outcome. The indecision is reflected in technical indicators, including a narrow Bollinger Band and an indecisive 15-minute candle with wicks on both sides, suggesting a liquidity hunt by traders [1].

The U.S. Federal Reserve’s recent FOMC minutes and Powell’s comments on interest rate policy have added to market uncertainty. Traders have been left anxious about the lag between pro-crypto policy developments and actual price movements. While the Trump administration has signaled a more favorable stance toward crypto through its economic agenda, the immediate impact on Bitcoin has been muted [1].

Order book data reveals thickening sell walls at $121,100 and strong bid accumulation at $111,000, suggesting that a significant price move could be imminent. Liquidation heat maps show that long positions are at risk below $115,000, while short liquidations are accelerating above $120,000. This pattern indicates that the market is testing key liquidity levels ahead of a potential breakout [1].

Charles Edwards of Capriole Investments noted that Bitcoin treasury buying has surged in recent weeks, with more than three companies purchasing Bitcoin daily. His data shows a 100:1 buyer-to-seller ratio in the treasury market, indicating strong institutional interest. Meanwhile, spot Bitcoin ETF inflows have rebounded after a period of outflows, adding to the bullish narrative [1].

Despite the recent price drop, the White House’s crypto report and the SEC’s recent speech laid out a clear policy framework aimed at fostering growth in the U.S. crypto sector. While these developments may not immediately affect price, they provide a foundation for long-term adoption and institutional confidence [1].

For now, the market remains in a state of expectation, with bulls hoping for a strong bid at the $111,000 level and a volume spike to reclaim the $116,000 range. A successful move above $120,000 could see the spot and perpetual futures CVD turn positive, reinforcing the bullish case. Conversely, continued dominance by sellers may lead to a consolidation lower into the $111,000 range [1].

[1] https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96539018/bitcoin-range-chop-continues-but-a-breakout-is-br

[2] https://www.binance.com/en/square/post/27651486048369

[3] https://www.binance.com/en/square/post/27650260291130

[5] https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96535299/white-house-crypto-report-a-mixed-bag-for-bitcoin