Key Insights: 

• BTC faces strong resistance at $108K–$109K with heavy sell walls slowing upward momentum.

• Key buy support holds at $105K–$106K, showing strong accumulation in that range.

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• Short liquidations are rising, indicating a market squeeze and potential bullish continuation.

Bitcoin is currently consolidating around the $103,000 mark, with market participants closely watching price movement between major liquidity levels. Real-time heatmap data indicates rising interest at both support and resistance areas.

Analysts suggest the next breakout could be triggered by short liquidations or institutional demand as the market approaches mid-2025.

Support Builds Between $105K–$106K While Sell Orders Mount Above $108K

BTC's order book data shows strong buy-side interest between $105,000 and $106,000. This zone has recorded consistent accumulation, indicating demand from traders and institutions preparing for upward movement.

The heatmap also reveals heavy sell walls just above $108,000 and $109,000. These orders are limiting price growth in the short term.

The current setup suggests that Bitcoin may remain within this range unless new momentum enters the market. If buyers overcome the sell walls, a breakout may occur. However, if sellers gain strength, BTC could retest previous support levels. For now, the price is moving sideways within this tightly defined structure.

Source X

This range-bound behavior highlights a classic liquidity battle between buyers and sellers. Market makers and large players often use such zones to manage risk and control slippage, making breakouts less frequent but more decisive when they occur.

Analysts are monitoring order flow closely, as a shift in liquidity—either a withdrawal of sell orders or a surge in buy volume—could signal the next directional move for BTC.

Current Price Movement Hints at Consolidation Phase

Bitcoin was trading at approximately $103,471 on May 14, 2025, down slightly by 0.42% on the day. The 4-hour chart on Binance shows repeated price rejection near $105,190 to $105,863, forming a resistance band. These levels have held firm in recent trading sessions, preventing any strong upward continuation.

Meanwhile, support is seen around $103,038. This level is acting as a near-term floor for Bitcoin. Further below, the $97,865 zone aligns with the 0.5 Fibonacci retracement at $99,144.

This suggests it could serve as a more stable support level if the current consolidation breaks downward. Traders are preparing for either a bounce or a move toward deeper support.

Source:TradingView

The ongoing consolidation reflects market indecision, with neither buyers nor sellers taking full control. Trading volume remains moderate, indicating that participants are waiting for clearer signals before entering new positions.

If Bitcoin closes above the $105,863 resistance zone on strong volume, it could confirm a breakout. However, a drop below $103,038 may shift short-term focus toward the $99K–$98K support region.

Liquidation Data Shows Increased Short Closures

Liquidation data reveals a trend of rising short position closures in recent sessions. Short liquidations occur when bearish traders are forced to exit positions due to rising prices. This behavior creates added buying pressure, which can contribute to upward price movement.

The chart displays fewer long liquidations, meaning fewer traders are being caught on the downside. The increase in short liquidations suggests a market squeeze is taking place. This may help explain why Bitcoin remains buoyant near $103,000 despite broader market caution.

Source:CoinGlass

Such activity often drives prices up in the short term. However, sudden reversals remain possible if market sentiment shifts or resistance levels remain unbroken. Volatility is expected to persist as traders position for larger moves.

Institutions Release Diverse Forecasts for Bitcoin’s 2025 Price

Major financial firms and analysts have released a broad range of Bitcoin price forecasts for 2025. BlackRock’s prediction of $700,000 assumes a small allocation of institutional funds into BTC. This would require only a 2–5% investment by asset managers to push demand to historic highs.

Other forecasts include $250,000 by Fundstrat and Anthony Pompliano. These are based on expectations of supply constraints and increasing investor interest. Chamath Palihapitiya predicts $500,000, citing macroeconomic instability and Bitcoin’s role as a hedge.

More conservative targets include $122,000 from 10x Research and $150,000 from GFO-X, based on chart analysis and sentiment patterns. Sina’s model gives a variable range of $135,000 to $285,000 using quantile-based projections.

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