Bitcoin Price News: Bitcoin Liquidity Builds for $111K Price Target Ahead of Monthly Close
Key Takeaways:Bitcoin liquidity clusters suggest price could wick as high as $111,000 before retracing.BTC price consolidates above $105K, with upside and downside liquidity grab zones forming.Analysts watch June 27 inflation data and monthly close for confirmation of breakout.Bitcoin (BTC) price is consolidating above $105,000, but growing liquidity on exchange order books is signaling a potential whipsaw move to $111,000, according to new data from CoinGlass and multiple crypto analysts.Traders are watching for a liquidity grab — a sharp move triggered by the market's attempt to “hunt” open positions — as both long and short liquidations cluster near key price levels.BTC Price Prepares for Liquidity ShowdownBitcoin has recovered from multi-week lows triggered by geopolitical tensions, with the $105K zone now acting as short-term support. CoinGlass order book heatmaps show growing buy-side liquidity near $103K and sell-side targets at $108K to $111K, hinting at volatility ahead.“$111,000 looks eager to be tagged next,” said trader Jelle, citing visible upside liquidity as price clusters build.Meanwhile, analyst Mark Cullen predicted a short-term move toward the upper $107Ks before a possible retrace:“Wouldn’t be surprised to see BTC push higher then wick down below $105K to grab liquidity,” he said.Neutral Market Positioning Fuels Volatility RiskThe market appears balanced for now, with both longs and shorts opening positions — a setup that typically precedes high volatility.“The more liquidity that gets attracted here, the greater the reaction,” noted trader Skew, who flagged $103K as a key pivot if downside pressure increases.Despite the consolidation, bulls are holding ground, and order book data shows increasing interest in the $111K region, suggesting traders are preparing for a breakout attempt — or a liquidity trap.Monthly Close and Inflation Data in FocusWith BTC up 1.7% month-to-date in June, the monthly close will be a key technical signal. Analyst Rekt Capital highlighted $102,400 as a crucial level, saying a close above it would confirm a range breakout on the monthly chart.The June 27 release of the PCE inflation report, the Fed’s preferred metric, could add fuel to Bitcoin’s next move. If data supports the case for rate cuts, it could catalyze renewed upside into July, according to Cointelegraph.BTC Price Levels to Watch:Support: $105K, $103KResistance: $108K, $111KBreakout Confirmation: Monthly close above $102,400