Bitcoin taps $106K liquidity as bulls defend price with $260M bid

BTC price action is already hunting liquidity immediately above price as support thickens, but market analysis doubts that new highs will come this week.

Key points:

Bitcoin seeks to take liquidity around $106,000 as traders hope for a sustained price recovery.

Significant support is in place down to $97,000, boosting the odds of price holding.

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