Bitcoin liquidity pattern signals ‘pivotal moment’ with $124K BTC target

💡 DMK Insight

The uptick in stablecoin supply at BTC $104,920 is a crucial signal for traders: it often precedes major Bitcoin price movements. Historically, increased liquidity in the crypto space has led to bullish trends, and with Bitcoin hovering near this level, we could be on the brink of another rally. If BTC can break through resistance around $110,000, it might pave the way for a run towards $124,000. But here’s the flip side: if market sentiment shifts or external factors like regulatory news come into play, we could see a quick reversal. Traders should keep an eye on trading volumes and market sentiment indicators, as these will provide insight into whether this stablecoin influx is sustainable or just a temporary blip. Watch for any significant price action around the $110,000 mark, as that could dictate the next moves in the market.