Bitcoin is now pressing against the key resistance zone around $106,920—a level that has consistently rejected price advances in recent weeks. After a decent recovery, momentum seems to be stalling, and often, that quiet before the storm tells us more than a breakout ever could.
Zooming in, we may be witnessing a classic fake-out formation—a subtle move above resistance to trap late buyers before a sharp reversal. If bulls can’t firmly hold this zone, BTC could very well slip back toward $101,500, aligned with the broader descending trendline.
⚠️ This isn’t about calling tops—it’s about respecting structure and understanding exhaustion. Resistance exists for a reason, and history reminds us: when enthusiasm fades, gravity returns.
Zooming in, we may be witnessing a classic fake-out formation—a subtle move above resistance to trap late buyers before a sharp reversal. If bulls can’t firmly hold this zone, BTC could very well slip back toward $101,500, aligned with the broader descending trendline.
⚠️ This isn’t about calling tops—it’s about respecting structure and understanding exhaustion. Resistance exists for a reason, and history reminds us: when enthusiasm fades, gravity returns.
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✅You can get 7-10 Forex, XAUUSD, Bitcoin...signal every day
✅ Trading knowledge and answers to questions 24/7
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t.me/+6a8jSQbpr2tmYWFl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
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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.