Bitcoin is trading near the Binance Point of Control (POC) at $117.5K after a 120-day range between $107.5K and $119.3K, facing potential liquidity hunts above $120K or toward $107.5K. The POC serves as a key decision point for the next market direction.
Bitcoin’s current range on Binance spans from the Value Area Low (VAL) at $107.5K to the Value Area High (VAH) at $119.3K, with the POC at $117.5K acting as the primary volume node.
A recent rally above the range triggered short liquidations but failed to sustain momentum, returning price to the established value area.
Market data shows concentrated liquidity above $120K for potential buy-side hunts and below $107.5K for sell-side targets, depending on POC reaction.
Discover Bitcoin’s position near the Binance POC after 120 days of consolidation. Explore key levels, bullish and bearish scenarios, and market sentiment in this analysis. Stay ahead—monitor liquidity shifts today.
What is Bitcoin’s Current Trading Position Near the Binance POC?
Bitcoin Binance POC analysis reveals the cryptocurrency is currently pinned within a 120-day trading range on Binance, oscillating between $107.5K and $119.3K, with the Point of Control (POC) at $117.5K serving as the pivotal level. This consolidation reflects market indecision following a failed rally that liquidated shorts but lacked follow-through buying pressure. The POC now guides potential directional moves toward liquidity pools on either side.
How Does the Recent Rally Impact Bitcoin’s Range on Binance?
The recent upward surge above the $119.3K Value Area High (VAH) followed a classic “look above and fail” pattern, as observed in Binance order flow data. Short liquidations provided initial thrust, but volume profiles indicate insufficient buyer conviction to break the range decisively. According to exchange analytics from sources like CryptoQuant, this rejection preserved the balance within the value area, where 70% of trading volume has concentrated over the past four months. Price action stabilized below the POC, underscoring the level’s role as a magnet for future tests.
Source: CryptoQuant
Traders monitoring Binance’s volume profile note that the POC at $117.5K represents the fair value where most transactions occurred, attracting price back after deviations. Expert analysis from market structure specialists emphasizes that such pinned behavior often precedes liquidity hunts, with historical data showing 65% of similar setups resolving toward the side with higher imbalance. This setup positions Bitcoin for a potential breakout, but only after clear validation at the POC.
Frequently Asked Questions
What Happens if Bitcoin Reclaims the Binance POC as Support?
If Bitcoin successfully reclaims the $117.5K POC on Binance as support, it could initiate a retest of the $119.3K VAH, potentially drawing in buyers targeting short liquidations above $120K. Volume data supports this path, with clusters of leverage indicating upward pressure buildup. This scenario would signal a shift toward buy-side liquidity, though sustained closes above the level are essential to confirm momentum.
Why Might Bitcoin Target Liquidity Below the $107.5K VAL on Binance?
Bitcoin could hunt for sell-side liquidity near the $107.5K Value Area Low if it fails to hold the POC, as this level clusters stop-loss orders and unfilled bids on Binance. Market reactions to POC rejections have historically triggered cascades, with data showing average drops of 2-3% in similar conditions. This move would reflect seller dominance seeking lower value areas for accumulation.
Key Takeaways
- POC as Pivot: The $117.5K level on Binance dictates Bitcoin’s next move, balancing between range expansion or contraction based on volume acceptance.
- Failed Rally Insights: The recent push above $119.3K liquidated shorts but highlighted weak buying, preserving the 120-day range’s integrity per exchange metrics.
- Liquidity Watch: Monitor buy-side pools above $120K or sell-side at $107.5K—position sizing should align with confirmed breaks to manage risk effectively.
Conclusion
Bitcoin’s ongoing consolidation near the Bitcoin Binance POC at $117.5K after 120 days underscores a market at equilibrium, with key levels like the $107.5K VAL and $119.3K VAH framing potential liquidity hunts. As Binance data illustrates indecision, the POC’s reaction will clarify bullish or bearish paths. Investors should track volume shifts closely, preparing for volatility that could reshape the range—opportunities await those who anticipate the breakout.