Bitcoin (BTC) has shown remarkable resilience this week, hovering steadily around the $105,000 mark. According to fresh analysis, the odds of a drop below the psychologically significant $100,000 level are diminishing, with growing market confidence in a bullish support zone.
🚀 Key Highlights:
- BTC Consolidates: Bitcoin is consolidating at $105,000, showing strong buyer interest and resilience despite geopolitical noise.
- Resistance at $106,000: Analysts agree that a support/resistance flip at $106,000 could be critical for continued upward momentum.
- Market Dip: A temporary dip to $103,400 occurred during Tuesday’s late New York trading session, largely attributed to geopolitical tensions after comments from former President Donald Trump concerning the Israel-Iran conflict.
- Liquidity Trends: Liquidity now appears to be pooling above current spot prices, suggesting traders expect a move upwards rather than a breakdown below $100,000.
đź’ˇ Analyst Insight:
Bitcoin reclaimed the $100,000 level on May 8 and hasn’t convincingly revisited it since. The consistent defense of this price suggests strong psychological and technical support. The build-up of liquidity above $106,000 indicates that bulls may soon test this level as the next resistance.
The focus now turns to whether BTC can break past $106,000 and continue its climb toward new highs—or if it will consolidate further in its current range.
âś… Conclusion
As BTC stabilizes above $100K, market sentiment remains cautiously optimistic. Traders and investors alike will be closely watching for a break above $106K to confirm a renewed bullish trend.
Stay tuned as this developing crypto narrative unfolds — BTC may be preparing for its next big move.
By ✍️ Yorlinda Ramìrez - MicuPost Team
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