Bitcoin's price is currently targeted at $116,000 as it responds to liquidation levels that act as support and resistance. Analysts believe BTC must hold above $110,000 to avoid bullish market control by bears. The price recently approached $115,732 after a rebound following the reopening of traditional financial markets. Analysts note that to see further gains, Bitcoin must reclaim levels above $116,000, notably the top of the recently filled Daily CME Gap. As bids are positioned from $113,800 to $110,000, the possibility of a bounce near $110,500 is predicted if there’s an initial sweep in the downside. Additionally, the excitement surrounding Bitcoin ETF flows has raised caution among traders, especially with record outflows seen in recent days. The latest analysis indicates that while downside risks remain, signs of stabilization such as renewed ETF inflows could signal a recovery of institutional interest in Bitcoin.

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