Sideways Expectation Shattered By Strong Selling

The market was initially expecting a period of sideways action due to Tether Dominance being squeezed between key support and resistance zones. However, contrary to expectations, a wave of strong selling hit the market, driving Bitcoin lower.

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From a technical perspective, further downside pressure is likely in the short term. The price is approaching the $115,202 – $113,766 zone, which contains a Fair Value Gap (FVG). This area is seen as a potential support zone. If filled successfully, it could serve as a base for an upward rebound.

Resistance Zone Now In Focus

Should buyers regain control and market sentiment stabilize, Bitcoin could aim for a recovery. The next key resistance levels are located at $121,396 – $120,494. A breakout above this region would improve technical momentum and potentially signal a reversal.

Despite the uncertainty, traders are advised to closely monitor these levels. Both support and resistance areas will play a crucial role in shaping upcoming price action.

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Despite strong upward moves on the Ethereum side yesterday, Bitcoin failed to show similar momentum. This has led investors to remain cautious, while the ongoing sideways movement adds to overall market uncertainty.

Path To A New High Could Open

At the moment, BTC has yet to clearly surpass the 108,791 USD resistance. Without a solid breakout above this level, further gains may remain limited. However, should the price break out convincingly—especially with strong closes above 109,400 USD—a new all-time high (ATH) could come into play.

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On the downside, the 107,000 USD support remains critical. If this level is breached, it could lead to increased short-term selling pressure and a deeper pullback. For now, price action is tightly squeezed between these two levels, and a decisive move in either direction is being anticipated.

Investors Await A Clear Direction

Overall, the current structure suggests that Bitcoin has not yet formed a clear trend. With low volume and price stuck between well-defined support and resistance, traders are urged to exercise caution in the short term. A breakout—either up or down—could lead to sharp, accelerated moves.

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The post Bitcoin Continues Sideways Movement: A Setup For A New Peak? appeared first on Coin Engineer.

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.

Can Bitcoin Break Through Resistance?

This area has previously served as a pivotal turning point, where price action reversed direction. Unless Bitcoin closes convincingly above 108,725 dollars, there remains a tangible risk of another pullback toward the 106,506 dollar support.

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With trading volume on the rise, a breakout above this resistance range could trigger a renewed rally. However, if momentum weakens, the market may see renewed downward pressure and a continuation of the range-bound movement.

Eyes On 110,000 And Beyond

Should the resistance give way, short-term targets between 110,800 and 112,300 dollars may come into play. Still, this scenario requires strong bullish volume and minimal profit-taking pressure.

Investors are closely watching how the price reacts to this zone. Confirmation through closing levels will be key to anticipating the next major move.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Near Resistance: Will The Rally Begin? appeared first on Coin Engineer.