This area represents more than just a technical ceiling—it’s a psychological battleground for short-term traders.

Key Levels to Watch for a Move Toward 105,000 Dollars

According to analysts, if this resistance is clearly broken with 4-hour candle closes, a move toward 105,000 dollars could be on the horizon. Such a breakout would indicate renewed buying pressure and potentially signal the start of a short-term bullish wave.

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However, if the resistance holds, a pullback toward the previous support zone—between 98,736 and 97,310 dollars—remains likely. Low trading volumes could increase the probability of this downward scenario.

What Should Traders Consider?

Traders are advised to proceed cautiously at current levels. Here are the critical takeaways:

• Monitor the 101,984 – 102,961 dollar range closely
• Watch for confirmation via 4-hour candle closes
• Keep an eye on 97,310 as the next potential support if a pullback occurs

Volatility remains high, and traders should stay alert for rapid price swings in either direction.

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The post Bitcoin Faces Key Resistance: Is The 105,000 Dollar Breakout Coming? appeared first on Coin Engineer.