Bitcoin Reaches Critical Support Zone Near $105K Amid Rising Volume: Will Support Hold or Give Way?

Bitcoin Reaches Critical Support Zone Near $105K Amid Rising Volume: Will Support Hold or Give Way?

Bitcoin is retesting a key confluence zone including the 50-day MA/EMA and a recent trendline breakout. A failure to hold above $105K may trigger a move toward the $100K psychological support level. Trading volume has spiked by over 32%, signaling rising market activity despite short-term price weakness. Bitcoin is once again testing a key technical support area, sparking cautious attention from market participants. The cryptocurrency, currently…

Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst - The Daily Hodl

A widely followed crypto analyst says that Bitcoin (BTC) may pull back after failing to hold a key support level. In a new thread, crypto trader Justin Bennett tells his 116,000 followers on the social media platform X that BTC may revisit the lower bound of a trading range at the $100,000 level, after a possible weekend bounce. “Possible scenario for BTC following Thursday’s $106,600 failure. Pull back/consolidate on Friday, weekend rally (beca…

Bitcoin Price Bounces Off Key Support, But Momentum Remains Uncertain

Bitcoin (BTC) staged a sharp rebound after touching the 50-day Exponential Moving Average (EMA), surging from $102,816 to nearly $105,000. This swift reversal followed a steep sell-off triggered by a major liquidation event, wiping out overleveraged positions across the board. The bounce from the 50 EMA suggests strong dip-buying interestlikely fueled by both retail traders and algorithmic activity reacting to key technical levels. Despite the r…

Bitcoin’s Critical Support Level: What Happens If Price Falls Below $100K?

In his chart analysis, Ali noted that BTC is currently testing the upper boundary of a long-standing price channel. A sustained move above $100,000 would confirm a breakout and signal further upside potential. However, failure to hold this level could lead to a deeper correction. “If Bitcoin loses the $100,000 mark, the likelihood of a downswing increases significantly,” the analyst stated, pointing to a potential retracement toward the lower en…