Bitcoin bulls are facing resistances as price remains stagnant, with some seeing potential for an upside liquidity spark. Forecasts suggest lower levels near $109,000 in the short term, predicting volatility to return soon. BTC price is currently hovering around $113,000, with limited movement due to high order-book liquidity. Analysts are eyeing the $109,000-$116,000 range as a potential price floor. Some traders believe there is a pool of fuel waiting to be gobbled up from overhead asks, hinting at a possible bullish move. Volatility is expected to make a comeback, signaling a big move on the horizon for Bitcoin.

Read more at Cointelegraph: Bitcoin Short Squeeze Odds Fade as $109,000 Forms a New Focus