Bitcoin has been consolidating above a key support level, indicating strong buyer interest and the potential for a bullish breakout. If BTC is able to reclaim the $108K resistance, it could trigger a cascade of short liquidations and push the price towards $115K. However, the market needs to generate enough momentum and optimism to break above the resistance level, as indicated by a bearish divergence in funding rates. Without strong demand, the resistance at $108K could hold, resulting in consolidation or a temporary rejection.



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