Bitcoin is currently locked in a decisive struggle at a make-or-break resistance zone. After a strong attempt to push higher, BTC was rejected and has retreated to a pivotal support area. The next few sessions are crucial: bulls must quickly reclaim the critical overhead resistance, or risk triggering a wider market retreat back toward lower support levels. Battle At Resistance: Can Bitcoin Reclaim $107,000–$108,000? In a recent update, Crypto Candy noted that Bitcoin’s price action continues to unfold largely as anticipated, maintaining strength and structure across key levels. After enduring a volatile period, BTC held firmly within the $99,000–$101,000 support zone. This strong defense from buyers set the stage for a rebound toward the upper resistance area around $107,000–$108,000. Related Reading: Bitcoin Valuation Reset: MVRV Slides Into Macro Correction Territory — What This Means At present, the $107,000–$108,000 range is acting as a critical barrier, and Bitcoin’s ability to reclaim this zone could determine its short-term direction. The current consolidation suggests a tug-of-war between bulls and bears, with buyers aiming to push for a breakout, while sellers are attempting to cap further upside. The outcome of this battle may set the tone for the next decisive move in the market. If the current momentum fails to hold, Crypto Candy suggests a pullback to lower levels could follow, giving bears another short-term edge. However, Crypto Candy added that if Bitcoin successfully reclaims the $107,000–$108,000 range, the market could shift back in favor of the bulls. Such a breakout would likely trigger renewed buying pressure, potentially driving the price higher toward the $116,000–$118,000 zone or even beyond. BTC Faces Rejection At Resistance, Support At $105,000 In Focus Presenting an outlook, Crypto VIP Signal revealed that BTC has recently reached a key resistance area but was immediately rejected on its first attempt. This initial failure suggests that a significant pocket of selling pressure is positioned at that level. Related Reading: Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk Following this rejection, the price has now moved down to the $105,000 support level. The analyst stresses that the market must hold this specific price point, as it represents a crucial line of defense against a deeper pullback. Crypto VIP Signal warns that if there is a decisive break and a close below $105,000, the market could see a significant drop toward the next major support in the $103,000 zone. However, the crypto analyst highlighted that another attempt to retest the initial resistance area is expected in the coming days. This implies the rejection may be a healthy setback before bulls try to breach the critical ceiling again. Featured image from Pixabay, chart from Tradingview.com
