Bitcoin experienced a sharp downturn yesterday after whale-driven activity triggered a key breakdown. The $108,791 support level was breached, and the price quickly approached the $107,126 / $106,211 zone. Roughly $100 before reaching this range, a buying reaction kicked in, and the price has now settled around $108,300.

Whale Manipulation: A Persistent Threat?

The recent volatility shows once again how whales capitalize on reduced weekend liquidity. In markets where order books are thin, a single large transaction can cause drastic swings. This isn’t new for Bitcoin—but each time, it forces the market into a fresh state of balance.

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Today, due to the weekend, major movements are not expected. Still, any breaking news—especially regarding regulations or major exchange updates—could reignite volatility. Investors should stay alert and review their stop-loss and entry levels carefully.

Watching Resistance and Support Levels Closely

On the technical front, the immediate resistance level stands at $108,791. If this level is reclaimed, a rise toward $109,400 is plausible. On the downside, initial support is seen at $107,126, followed by $106,211. A deeper drop might take Bitcoin to as low as $103,788.

The next 24 hours could prove pivotal for Bitcoin traders. Even in a seemingly calm market, surprises are never far away in crypto.

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The post Market Shaken by Whales: Is Bitcoin Entering a New Phase? appeared first on Coin Engineer.

Red Box and $108,791 Resistance Are Key

On the 4-hour chart, BTC is approaching the critical $108,791 resistance level. This area, which aligns with the red box zone, is technically significant. If Bitcoin can secure a close above this zone, the potential for a new ATH (All-Time High) becomes a realistic scenario.

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Recent consolidation phases have kept traders cautious, but a breakout here could signal a renewed bullish trend. Market volume and momentum are worth watching closely at this level.

Support Still Holding Well

On the downside, the $106,622 – $105,725 range remains a solid support area. It has continued to hold during recent pullbacks, showing buyer interest at those levels. Today’s upward movement was also strongly influenced by the breaking news that Israel has accepted a ceasefire—proving again how geopolitical factors can rapidly shift sentiment in the crypto market.

Right now, BTC is at a decision point. A breakout could mean new highs, while failure to breach the resistance might lead to another period of sideways movement.

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The post New All-Time High? Bitcoin Faces a Pivotal Resistance Zone appeared first on Coin Engineer.

Resistance Holding Firm

In the 4-hour timeframe, the previously mentioned 108,791 USD resistance level was tested. However, there was no convincing breakout, and Bitcoin faced rejection. This indicates a lack of strong bullish momentum for now.

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If Bitcoin manages to close above 108,791 USD, the next potential target range could be 111,000 – 112,000 USD. Until then, the market may remain range-bound.

Support Levels To Watch

On the downside, the nearest support zone lies between 106,622 and 105,725 USD. A drop below this range could lead to further corrective moves, while holding above might invite fresh buying interest.

A decisive move, preferably backed by volume, is needed to confirm a trend direction. Without that, price action may continue to fluctuate within a narrow range, frustrating both bulls and bears.

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Key Support Level: $104,273

Currently, BTC is testing the $104,273 support zone. This is a critical point according to technical analysis. Should this level break with high volume, the next target could be $101,466, marking a potential continuation of the downward trend.

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Traders should exercise extreme caution. Sudden sell-offs could trigger stop-losses and amplify market volatility in a short period of time.

Opportunity or Trap?

While pullbacks often present buying opportunities, in a highly volatile environment like this, any additional downward movement can quickly turn into substantial losses. It’s essential to wait for clear confirmation before opening new positions.

For leveraged traders, zones like this one represent both opportunity and danger. A miscalculated entry could lead to significant drawdowns, so risk management is key.

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The post Bitcoin Drops to $104,273: Market Braces for Next Support Test appeared first on Coin Engineer.

Support Lost, Rebound Faces Resistance

BTC lost the $106,400 – $105,328 support zone after a sharp drop. The long wicks seen during the decline suggest intense selling pressure. Although price is currently attempting a recovery, it appears to be facing resistance, limiting further upside.

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If Bitcoin fails to hold above the $106,400 zone, the next support to watch will be around $101,466. This level could play a decisive role in determining the short-term direction.

Break Above Resistance Could Reopen Path to $108,000

If the price can reclaim and maintain a position above the broken resistance, a renewed move toward the $108,000 level becomes technically possible.

Given the current instability in both global and crypto markets, caution remains key. Traders are advised to manage risk carefully and stay alert to rapid market shifts.

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The post Bitcoin Reacts to War News: Key Support Lost, What’s Next? appeared first on Coin Engineer.

The current developments near critical thresholds may be decisive not only for direction but also for market sentiment.

Strong Bounce from a Key Support

Recently, Bitcoin pulled back to the 106,506$ level, where it found robust support. This level acted as a springboard, fueling a swift upward movement that brought the price back into technically significant territory.

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One area drawing particular attention is the bullish FVG zone (108,725$ – 107,972$) formed during this upward move. As long as the price remains above this zone, the potential for further gains remains solid.

What If the Zone Breaks Down?

However, caution is warranted. Should Bitcoin fall below the FVG zone, a retest of the 106,506$ support level becomes increasingly likely. Such a move could significantly impact short-term sentiment and decision-making among market participants.

Keeping a close eye on these levels and preparing for potential volatility is essential for traders.

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If this FVG support breaks down, the bitcoin price could drop further towards 66,852$. On the other hand, a reaction from the 73,462$ support could fuel a strong upside move.

Key Reaction Zone: 73,462$ Support!

A solid bounce from 73,462$ could reignite bullish momentum. Holding above this level may trigger recovery, pushing bitcoin toward higher resistance zones.

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Should a confirmed breakout from the downtrend occur, bitcoin may quickly target the 84,000$ resistance, a key psychological and technical level.

Right now, bitcoin is at a decision point. Either the price holds and reverses upward, or we witness a deeper correction.

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The post Bitcoin Technical Analysis: Testing Critical Support appeared first on Coin Engineer.