Bitcoin concluded the previous trading week with a notable rebound, reaching $112,000 before market participants began anticipating a potential retracement toward the lower boundary of its current trading range. Analysts are closely observing several critical factors that could influence BTC’s trajectory in the coming days. Market sentiment appears divided between bullish momentum and technical indicators suggesting a possible consolidation phase. The $108,000 level has emerged as a significant psychological and technical support zone that traders are monitoring for potential price action. Liquidity patterns and institutional positioning data indicate heightened activity around these key price levels. Derivatives market metrics show changing open interest and funding rates that typically precede significant volatility. On-chain analytics reveal accumulation patterns among long-term holders despite short-term price uncertainty. Macroeconomic developments continue to impact digital asset valuations, with particular attention on monetary policy expectations and traditional market correlations. The coming days will likely test both support and resistance levels as the market seeks direction amid evolving trading volumes and changing investor sentiment across cryptocurrency exchanges.
