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Bitcoin: Liquidity Below $107K Signals Bearish Risk

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FenzoFx—Bitcoin formed a double top at $113,480.00 and is trading lower, up 0.80% today.

The chart shows equal lows at $107,507.00, indicating unabsorbed liquidity below. Technically, Bitcoin may drop to fill the bullish fair value gap near $103,500.00, if BTC/USD closes below the $109,993.00 resistance.

This bearish outlook is invalidated if Bitcoin closes and stabilizes above $113,480.00. In that case, the next bullish target could be $117,416.00.

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