Key Takeaways:
- Bitcoin faces key resistance at $107K–$108K and support at $105K.
- A break above resistance could trigger a push toward $116K–$118K.
- Failure to hold support risks a decline toward $103K.
- Market sentiment hinges on BTC’s ability to reclaim critical levels.
Bitcoin at a Crossroads: Reclaim or Retreat?
Bitcoin (BTC) is once again caught in a decisive battle between bulls and bears as it tests a critical resistance zone. After a strong but short-lived rally toward $108,000, the flagship cryptocurrency faced rejection and slipped back toward its key $105,000 support. The coming sessions could define Bitcoin’s short-term trajectory — a successful reclaim of $107,000–$108,000 may reignite bullish momentum, while failure to hold above $105,000 risks triggering a deeper market retreat.
Bulls Hold the Line at $99K–$101K Support
According to crypto analyst Crypto Candy, Bitcoin’s recent price action has remained largely in line with expectations. Following a volatile correction, BTC found strong buyer support within the $99,000–$101,000 range — a base that helped stabilize sentiment and spark a rebound toward resistance.
However, the $107,000–$108,000 zone has proven difficult to break. The area now acts as a “make-or-break” point for Bitcoin’s short-term structure. A clear breakout could open the door for a move toward $116,000–$118,000, but continued rejection risks signaling exhaustion among buyers.
$105,000 Support Becomes Crucial
Analyst Crypto VIP Signal noted that BTC’s first attempt at reclaiming the resistance was rejected sharply, confirming the presence of heavy selling pressure. The current pullback has brought the focus back to $105,000, described as a “line of defense” for bulls.
A decisive close below this level could send Bitcoin sliding toward $103,000, while a rebound from this area might set up another test of the upper boundary near $108,000. For now, consolidation continues, reflecting uncertainty among traders about Bitcoin’s next major move.
Outlook: A Defining Moment for Market Sentiment
The next few days are crucial for Bitcoin’s trend. If bulls manage to reclaim and hold above $107,000–$108,000, it could confirm renewed strength and reestablish bullish control. But if the $105,000 support fails, the market may see a broader correction and test deeper liquidity zones.
In short, Bitcoin stands at a pivotal juncture — reclaim or retreat. Traders are watching closely, knowing that whichever side wins this battle will likely dictate the tone for the weeks ahead.
