BTC breakout Archives - Coin Engineer

Bitcoin Faces Resistance At $109,400: Is A Move Toward $110K Coming?

Yigit Taha OZTURK — Mon, 07 Jul 2025 07:00:41 +0000

The crypto market’s attention is once again on Bitcoin, which recently broke above a key resistance but couldn’t hold higher levels. As bulls and bears battle for short-term control, the price is now hovering near a crucial technical zone.

Rejection From $109,400 Resistance Level

Over the weekend, Bitcoin broke past the previously highlighted $108,791 resistance and surged to $109,400. However, this level acted as a strong resistance, prompting selling pressure and a pause in the upward momentum.

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If BTC manages to close above $109,400, the likelihood of a move toward the psychological $110,000 mark increases significantly. Such a breakout would signal renewed bullish strength.

$108,791 Turns Into Key Support

In contrast, failure to sustain above resistance could lead to a retest of the $108,791 level, which now serves as a key support. A breakdown below this level may open the door for a deeper correction toward $108,000 or even lower.

Traders are advised to closely watch these levels as price action near them may define the next short-term trend in Bitcoin.

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The post Bitcoin Faces Resistance At $109,400: Is A Move Toward $110K Coming? appeared first on Coin Engineer.

Bitcoin Approaches New High: Will the Rally Continue?

Yigit Taha OZTURK — Tue, 24 Jun 2025 13:00:13 +0000

As global financial markets remain volatile, the crypto sector is once again drawing intense attention. Recent movements, especially in Bitcoin, have brought key resistance levels into play. With this momentum, traders are questioning whether the rally has more room to grow.

106K Target Hit After Bullish Breakout

In our previous analysis, it was noted that if Bitcoin broke through the 102,961 – 101,984 USD resistance zone, a target of 105,000 USD would be next. The breakout occurred with strong buying pressure, pushing BTC up to the 106,000 USD level — surpassing the forecasted target and validating the setup.

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The current focus shifts to the next resistance range between 106,622 and 105,725 USD. If Bitcoin manages to break above this zone with volume support, the path toward 110,000 USD becomes highly likely. Sustained momentum will be critical to keep the uptrend intact.

Key Support Levels on the Downside

In the event of a pullback, the nearest strong support remains the 102,961 – 101,984 USD range. As long as BTC holds above this level, the bullish bias remains valid in the short term.

BTC/USDT pair 4-hour chart.

The post Bitcoin Approaches New High: Will the Rally Continue? appeared first on Coin Engineer.