Bitcoin price is currently at $108,094, with a slight decline in the past 24 hours but an overall increase over the last 7 days.
Analyst Michaël van de Poppe suggests Bitcoin might consolidate before breaking the key resistance at $110,000, potentially setting up for a new all-time high.
Liquidity zones around $105,797 are influencing Bitcoin's movement, and if Bitcoin surpasses the $110K resistance, it could lead to an upward trajectory.
Bitcoin's derivatives market shows a slightly bearish sentiment with more traders holding short positions, but higher liquidations of short positions may exert upward pressure on prices.