Bitcoin climbed above $105000 and bounced from a bullish block while weekly candles now test $109600.
A bearish block at $99500 to $109500 could flip support if Bitcoin confirms a strong weekly close.
The chart shows $84000 to $91000 remains open as demand if Bitcoin drops back during the current cycle.
Bitcoin is holding above $105,000 after reclaiming support and bouncing from a bullish weekly order block, according to fresh chart data. The move comes after BTC climbed from a recent low near $107,800, testing a key bearish order block between $99,500 and $109,500. Weekly close levels now hover around $108,732, signaling a shift in momentum toward the upside.
Source: X
The chart, published by CryptoPatel on May 27, illustrates Bitcoin’s climb after converting previous resistance into support, a level that held firm since 2023. This level marked a critical structure change, as BTC successfully broke out and sustained higher lows in its upward trajectory. The current trend is reinforced by a visible higher-timeframe ascending structure that has guided the market since late 2022.
With Bitcoin sustaining above the breakout level, market participants are watching closely for a weekly close above $109,600 to confirm fresh highs. If this condition is met, bullish traders may look for upside continuation toward $120,000 and $135,000 in the coming sessions.
Key Bearish Order Block Faces Ongoing Retest
As of May 27, Bitcoin is testing a prominent bearish order block between $99,500 and $109,500, which previously served as a major resistance. The price has already pierced the zone, with volume holding steady near $108,732. Analysts tracking this development have called for a close above $109,600 to validate the breakout attempt.
The bearish order block aligns with previous rejection points from earlier cycles. BTC faced multiple rejections at this level before establishing current support near $84,000 to $91,000, an area labeled as an unfilled fair value gap (FVG). If a pullback emerges, this FVG may act as a demand zone.
In technical structure, the bearish OB and FVG suggest a layered approach to liquidity and market reaction. The combination of order flow and long-term trendlines continues to direct trader focus toward both breakout levels and downside buffers. Bitcoin’s current path lies between these zones, with chart watchers looking for confirmation via candle closes.
CryptoPatel noted that previous bearish OBs had sparked retracements. However, the latest rebound from a bullish OB just below $105,000 changed short-term direction. Volume and structure now favor upside if the $109,600 resistance is cleanly reclaimed on the weekly timeframe.
Resistance Flips to Support As Trend Builds Above Key Levels
The trendline shown on the weekly chart reveals a steep upward slope beginning from 2022, which has now merged with horizontal structure. That horizontal line marked former resistance, now turned support, and provides a launchpad for bullish momentum as seen in the breakout to $110,422.
This trendline intersection strengthens the bullish argument, particularly with Bitcoin printing a higher low above $84,000. The convergence of vertical and horizontal support enhances the clarity of the upward bias across macro timeframes. Order block reaction zones are well-defined, with areas above $105,000 proving critical.
As observed, resistance between $99,500 and $109,500 is fading into structural support amid continued attempts to build momentum. This has led to renewed bullish calls, as CryptoPatel’s tweet identifies upside targets at $120,000 and $135,000. The outlook is conditional on sustained closes above the weekly resistance level now being tested.
