Bitcoin’s trading is only 5% lower than its all-time high of $109,300, a merger that followed a strong multi-week rally that caught market attention. The Bulls maintain a firm control, and the price action shows strong resilience above the $100,000 psychological level.
As the market pauses to find direction, people are increasing what will happen next. Some analysts believe that the merger is just a calm before a massive breakout of new highs. Others think Bitcoin may need to be corrected first, shaking the weaker hand before continuing higher.
Top analyst Daan weighs the tradeoffs from a technical standpoint, highlighting familiar patterns that have emerged since April lows. With prices firmly within a narrow range of resistance, the next step is expected to set the tone for the coming weeks. Is it true A clean breakthrough With over $109K or a short-term reversal, everyone’s eyes are on the next decisive step in Bitcoin.
Bulls eye price discovers key resistance to Bitcoin testing
Bitcoin is on the verge of entering the price discovery mode as the Bulls aim to achieve more than $105,000 and challenge the ever-highest price close to $109,000. The asset has reached more than 40% since its April 9 low, so the asset has entered a critical stage, with investors closely following the decisive breakthrough. Despite local resistance, the continued momentum in recent weeks has kept bullish sentiment alive.
According to Daan, Bitcoin’s recent behavior reflects patterns observed since the April rebound. The cycle is consistent: strong upward movement, then tightly consolidated, then higher.
Daan recommends “focusing on the scope of this place and waiting for breakthroughs in any direction”, which is the most strategic action. Rather than trying to predict the next move, he suggested responding to the confirmation in the chart.
As Bitcoin hovers around resistance, the market remains sensitive and vulnerable to volatility. A breakthrough above $105K could trigger strong action into unknown territory, triggering strong buying interest. However, failure to clear this level may invite short-term corrections. As Bitcoin stands at a critical moment, both the Bulls and the Bears are preparing for high-risk moves, which can define the trends in the coming weeks.
Technical details: BTC consolidates after explosive rally
The chart shows that the Bitcoin merger is below the $105,000 resistance level after an explosive rally that began in early April. Price action is still strong, with BTC currently trading around $103,820, a level that has become a battlefield between the Bulls and Bears. The uptrend remains intact, supported by a 200-day SMA of $92,316 and a 200-day EMA of $87,993, both below current prices and a skewed upwards confirming the bullish momentum.
In the past few courses, the volume has dropped slightly, which is consistent with the integration phase. However, this could be a healthy pause as the market has digested from the recent $100,000+ breakthrough. The tension range between $103,600 and $104,800 suggests that breakouts in both directions can trigger significant volatility.
If the Bulls manage to push BTC decisively above $105,000, they may reach the target found at a price of about $109,000. On the other hand, failure to exceed this range could lead to a retracement to the $100,000 support zone, which must maintain its bullish structure.
Featured images from DALL-E, charts from TradingView
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