Can Bitcoin Close Above $111K and Reclaim Bullish Momentum?

Bitcoin faces repeated rejection near $111K as lower highs and volume spikes signal mounting short-term bearish pressure.

Liquidity bands at $110.4K shape Bitcoin's current range, with stacked bids and asks forming a high-stakes breakout zone.

Fair Value Gaps and Order Blocks between $106K–$111K continue to drive price action as BTC coils near key resistance levels.

Bitcoin is now navigating a technical squeeze below the $111,000 barrier, triggering mixed sentiment in short-term timeframes. Traders are tracking whether BTC’s next leg will extend higher or break sharply lower.

Daily Lower Highs Signal Bearish Pressure

Bitcoin’s daily chart shows lower highs under a descending trendline connecting May and June peaks. Sellers repeatedly reject wicks near $111,000. Price sits between trendline resistance and demand at $91,500–$95,000, hinting at strong tension.

Source: (X)

Bitcoin printed a lower high below its January peak and now trades under $111,000. He also noted that the daily chart displays a descending trendline linking resistance at $114,000 and $111,000.

The 200-day EMA sits at $92,799, overlapping support at $95,000. This confluence zone aligns with the green demand band at $91,500–$95,000. Volume spikes near resistance suggest distribution rather than accumulation. At this point, a break below $100,000 could spark a swift move toward that demand range. This setup aligns with classic bearish corrections.

Heatmap Reveals Tight Order Book Balance

Heatmap data highlights intense liquidity at $110,406, where BTC gravitates. Sell orders cluster between $111,869 and $113,250, blocking upside. Bid walls from $109,025 to $107,563 defend support, creating a narrow corridor.

Source: Coinglass

The heatmap data reveals Bitcoin gravitating toward $110,406, where dense liquidity clusters form. Bright bands between $111,869 and $113,250 represent heavy sell orders. Support remains strong at $109,025–$107,563, confirmed by repeated green liquidity streaks. This horizontal structure traps price in a narrow corridor.

Volume peaks align with liquidity walls, showing active taker engagement. The observations also point out that order flow reflects institutional positioning on both sides. Liquidity behavior precedes breakout moves.

Order Blocks Define Next Direction

Eight-hour chart shows BTC filled the Fair Value Gap near $100,636 and then bounced. The 0.5 Fibonacci retracement provided strong support. Order Blocks at $106,000–$108,000 and $109,000–$111,000 now guide price decisions.

Still, the 8-hour chart shows Bitcoin filling a Fair Value Gap around $100,636 and rebounding sharply. This move also reclaimed the 0.5 Fibonacci retracement of the prior impulse wave.

Source: (X)

The Bullish Order Block at $106,000–$108,000 now acts as short-term support. The nearby Bearish Order Block at $109,000–$111,000 continues to cap upside attempts. Price remains under $111,000, the same zone that produced the $112,009 rejection. Thus, a close above $111,000 could flip momentum. Another failure may drive BTC back toward $106,000. These high-confluence zones have proven reliable in cycles.

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