On July 22, Bitcoin (BTC) surged to $122,000, effectively absorbing significant selling pressure liquidity, as reported by Cointelegraph. Market analyst AlphaBTC highlights a potential short-term correction, suggesting BTC could retrace to around $115,000 to validate key support zones. The liquidity heatmap reveals a robust order book, with substantial buy orders clustered between $115,000 and $116,100, indicating strong demand at these levels. This concentration of liquidity underscores critical support that may stabilize price fluctuations amid heightened volatility. Investors and traders should monitor these price points closely, as they represent pivotal areas for potential entry or risk management in the current bullish momentum.
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