Bitcoin struggles to stay above $109K as weak momentum and low trading volumes raise short-term market concerns for traders.
Key support zones near $100K could decide Bitcoin’s next big move as bulls and bears battle amid mixed technical signals.
Despite short-term dips, Bitcoin remains in a long-term uptrend with analysts eyeing $115K by August and $1M in future targets.
As per Javon Marks, Bitcoin slipped below key levels after a failed breakout above a bull flag on the daily chart. The cryptocurrency currently trades at $107,984.87 on Binance, recording a mild 0.20% daily drop. This comes after BTC struggled to maintain its momentum above the $109,000 resistance zone. Despite holding above $100,000 for weeks, recent price action shows weakening momentum. Immediate selling pressure continues to dominate short-term market behavior.
The daily chart reveals an ascending triangle pattern that began forming in March 2025. Bitcoin successfully broke the $100,000 psychological mark in June. Since then, prices have largely traded between $105,000 and $111,000. However, the latest breakout turned into a fakeout, failing to establish new highs. Hence, expect a possible retest of lower support zones between $100,700 and $102,700 in the coming sessions.
Mixed Technical Signals Show Market Uncertainty
Technical signs are inconsistent across timeframes, even with recent declines. Since the RSI is close to neutral, neither overbought nor oversold circumstances are indicated. Additionally, the MACD's histogram displays decreasing momentum even if it is above zero. These signs show that neither bulls nor bears have a lot of conviction.
Source: Crypto Candy
Additionally, the 50-day moving average offers strong support around $102,000. The 200-day moving average, now near $95,000, further strengthens the long-term bullish case. Hence, as long as Bitcoin holds above these lines, upward momentum remains valid.
Resistance and Volume Trends Suggest Bigger Moves Ahead
The resistance levels were determined to be $111,000 and $109,000. If these zones are broken, Bitcoin might climb to $115,000 or perhaps $120,000. Volume trends, however, indicate a concerning tendency. Daily trade volumes have decreased from previous heights of $85 billion to $65 billion. Usually, such low volumes come before significant market movements.
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