Bitcoin's price predictions are focusing on a $110,000 target as a significant options expiry event worth $4.9 trillion approaches. The cryptocurrency failed to maintain a close above $117,200, which traders view as a critical level for further price recovery towards $120,000. Popular trader Crypto Caesar noted that previously, failure to reclaim this level resulted in price declines. Furthermore, analyst Ted Pillows indicated continued downside pressure in the market, citing historical trends during large options expiries, which could lead to increased volatility affecting Bitcoin and altcoins. On order-book liquidity, significant buy orders are accumulating just below the current price, particularly in the range of $110,000 to $113,000. Analytics from Glassnode confirm this shift, indicating that liquidations are occurring around $112,700. Overall, the market sentiment remains cautious as traders brace for volatility stemming from the upcoming expiry event.

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