Bitcoin News Today: Bitcoin faces liquidity hurdles as bulls eye $141,000 target

Bitcoin bulls are aiming for a new price milestone of $141,000, but the path to this target is clouded by liquidity constraints and resistance levels. On-chain analytics from Glassnode indicate that a crucial liquidity zone exists just below current price levels, which could impede sustained upward momentum if not overcome [1]. At present, Bitcoin trades around $118,000, with traders adopting a cautious stance amid ongoing volatility and uncertainty about key support levels [2].

One of the most immediate challenges lies in the thin liquidity between $110,000 and $115,000. Analysts warn that failure to bridge this gap could trigger a rapid price correction. If key support levels are breached, prices could potentially drop to as low as $112,000 [2]. Recent market behavior has already seen Bitcoin fall below $116,000 in a notable hourly correction, raising concerns about a possible pullback to $114,000 [4].

Large-scale BTC movements, including recent transfers by Galaxy Digital exceeding $2 billion, have further intensified market sensitivity [1]. The firm's actions signal potential shifts in market sentiment and liquidity dynamics. On-chain data suggests that dormant Bitcoin supplies, when reactivated, have historically caused periods of sharp volatility, a pattern that could repeat if more coins enter circulation for sale [1].

Market observers, including analyst DaanCrypto Trades, have expressed caution. “If more coins get sold off, it’s going to be difficult to hold on,” he noted, indicating his preference for waiting out the current period of instability [1]. This sentiment is echoed across the broader crypto community, with many adopting a wait-and-see approach as uncertainty persists.

While bullish sentiment remains strong, analysts emphasize that reaching $141,000 will require not only a successful breakout of key resistance levels but also a significant accumulation of buying interest. Without stronger liquidity inflows and reduced selling pressure, the likelihood of achieving such a high target remains speculative.

The broader cryptocurrency market, meanwhile, remains relatively stable, with a total market capitalization of $3.92 trillion [3]. Bitcoin continues to lead the market in terms of value and attention, but the sustainability of its current trajectory depends heavily on resolving liquidity challenges and stabilizing short-term price fluctuations.

Source: [1] PEPE Falls Nearly 5% as Whale Selling and Exchange ... (https://www.coinglass.com/ru/news/523753) [2] Real-Time Crypto News, Latest Cryptocurrency Updates ... (https://www.coinglass.com/news) [3] Latest News on Bitcoin, Altcoins & Market Updates (https://cryptoadventure.com/news/) [4] CryptoSlate: Crypto News, Insights & Data (https://cryptoslate.com/)