Bitcoin eyes $114K liquidity grab as traders bet on BTC price rebound

Bitcoin stabilized at around $112,000 ahead of the weekly close and futures market open, with traders optimistic about a rebound. Market analysts expect a liquidity grab near $114,000 as the market prepares for an uptick. Despite experiencing a $19 billion liquidation cascade, traders remain hopeful for a price bounce. Reactions from traders suggest a cautious optimism; many see the weekly open as a potential trigger for significant market movement. Analysts noted that while volatility cooled after a recent downturn, the possibility of a further decline remains. Caleb Franzen pointed out that price corrections are normal during uptrends and emphasizing that higher lows could maintain the bullish trend. Overall, the consensus is that, despite recent bearish events, being overly pessimistic during an uptrend may lead to missed opportunities.

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