BTC is currently holding above the key resistance-turned-support zone of $106,057, after a clean breakout from the symmetrical triangle last week. Price is consolidating just below $107,000, signaling a potential pause or minor pullback before the next leg.
Technical Overview:
Trendline support from May is intact
$106K zone flipped into support — critical for bulls to hold
Price action is compressing under resistance at $107,000
Holding here may lead to a retest of $108,895, then $111,785
Key Levels to Watch:
Support:
$106,057 – Immediate support
$101,409 – Mid-range demand zone
$98,898 – Rising trendline
$93,343 – Strong base zone
Resistance:
$107,000 – Minor resistance
$108,895 – Major resistance
$111,785 – Upper breakout target
Outlook:
Bulls need to defend the $106K zone to maintain momentum. Failure to do so could cause the price to pull back toward $101K. On the flip side, strong volume above $108900 may trigger a rally toward $111K+.
DYOR | Not Financial Advice
Technical Overview:
Trendline support from May is intact
$106K zone flipped into support — critical for bulls to hold
Price action is compressing under resistance at $107,000
Holding here may lead to a retest of $108,895, then $111,785
Key Levels to Watch:
Support:
$106,057 – Immediate support
$101,409 – Mid-range demand zone
$98,898 – Rising trendline
$93,343 – Strong base zone
Resistance:
$107,000 – Minor resistance
$108,895 – Major resistance
$111,785 – Upper breakout target
Outlook:
Bulls need to defend the $106K zone to maintain momentum. Failure to do so could cause the price to pull back toward $101K. On the flip side, strong volume above $108900 may trigger a rally toward $111K+.
DYOR | Not Financial Advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.