Bitcoin News Today: Bitcoin Trapped in $120K–$113K Range as CME Gap at $114.3K Signals Pressure to Revisit Lower Liquidity Zones

Bitcoin’s price remains confined within a range of $120K to $113K, with traders monitoring an unfilled CME gap at $114.3K as a potential mid-term target, according to analysis from COINOTAG and CrypNuevo [1]. This structure suggests the cryptocurrency may revisit lower liquidation zones in the coming weeks, driven by technical factors such as price clustering and historical gap-filling tendencies.

The current range-bound environment is defined by two major liquidation clusters: an upper cluster between $120K–$121K and a lower cluster spanning $113.6K–$114.5K [2]. These zones act as resistance and support levels, respectively, with price action frequently oscillating between them. Recent long wick formations on Bitcoin’s chart—particularly a significant downside wick—indicate renewed interest in testing lower liquidity areas, heightening the likelihood of a retest of the $113.6K–$114.5K range [3].

The unfilled CME gap at $114.3K is a critical technical marker. Historical patterns show that such gaps often attract price returns within days to weeks [4]. Its proximity to the lower liquidation cluster reinforces the bearish scenario, as the gap’s fill could validate downward momentum toward the $113.8K midpoint, a level deemed pivotal for short-term directional cues [5]. Analysts note that the market is currently indecisive, with limited trend development and frequent wick rejections at both ends of the range.

Traders are advised to focus on key indicators in the coming weeks, including Bitcoin’s interaction with the $114.3K CME gap and the $113.8K liquidity midpoint. Volume spikes and wick formations near these levels could signal breakout or breakdown scenarios [6]. The absence of a strong trend necessitates a strategy centered on liquidity zones and price structure, as oscillations between clusters are likely to persist.

While the bearish case appears plausible, the market’s short-term trajectory remains uncertain. The $113.8K level is critical: if Bitcoin tests this midpoint after upper cluster liquidity is cleared, it could dictate the next leg of movement. However, sustained buying above $120K–$121K could reestablish bullish momentum, though current data does not support such a scenario [7].

Market participants are urged to maintain cautious positioning, given the potential for volatility around these key levels. The interplay between the CME gap and liquidation clusters will likely shape Bitcoin’s short-term path, with mid-July 2025 marking a critical window for resolution.

Source:

[1] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[2] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[3] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[4] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[5] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[6] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)

[7] [Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K July 27, 2025](https://en.coinotag.com/bitcoin-may-revisit-lower-liquidation-zones-amid-unfilled-cme-gap-near-114k/)