Bitcoin is retesting the $108,000 neckline after forming an inverse head and shoulders pattern on the weekly chart, a critical level initially broken in early 2025. Analysts stress the importance of maintaining this level to achieve the bullish target of $144,105. Currently, Bitcoin trades at $112,888 with a market cap of $2.247 trillion, despite a 0.4% decline over 24 hours. Market data reveals strong liquidity and steady activity, with Coinglass analysis underscoring the neckline's significance, supported by Fibonacci retracement levels. Derivatives data shows mixed trends, with decreased trading volume but increased open interest. Liquidations reached $38.09 million, mainly from long positions, indicating sustained buyer strength since April 2025.