Analysts warn of a potential drop to $102K if BTC fails to break out of its current range
Bitcoin (BTC) is once again struggling to break through the key resistance zone just under $110,000. While market sentiment remains cautiously bullish, a sharp exchange inflow of over $3.2 billion in BTC raises the risk of a near-term correction.
📉 Why Is BTC Struggling Below $110K?
Bitcoin is currently trading at $108,500, marking a 1.1% decline over the past 24 hours. The price has now remained stuck between $108K and $111K for six straight days, reflecting weakening bullish momentum.
📌 Key reasons behind the stagnation:
🔹 Lack of strong catalysts – According to trading firm QCP Capital, the market is suffering from a drought of meaningful news. Diminished macroeconomic signals and subdued trading activity are pushing volatility lower across asset classes.
🔹 Heavy resistance at $110K–112K – This zone has consistently blocked upward momentum. Investors appear to be taking profits after recent gains, preventing BTC from breaching the level.
📊 Key Technical Levels and Scenarios
On the 4-hour chart, BTC is clearly moving within a $2,000 range, bounded by the $108K support and $110K resistance. These levels have previously acted as pivot points for impulsive movements.
❗ A drop below $107K could open the door for a swift fall to $105K or even $102K, where strong historical demand could absorb selling pressure and trigger a bounce.
🏦 $3.2 Billion BTC Inflow Signals Bearish Sentiment
Data from IntoTheBlock shows a sharp net inflow of 29,700 BTC to exchanges as of May 28 — equivalent to $3.2 billion at current prices. This is typically a bearish signal, indicating that investors may be preparing to sell.
📌 A large exchange inflow often precedes downward price action, especially in the absence of positive news to counteract it.
🟢 Hope Remains: Corporate BTC Buys Could Spark a Rebound
QCP Capital also highlights a possible bullish catalyst on the horizon:
“Trump Media is reportedly planning to purchase $2.5 billion worth of BTC. If confirmed, this could spark another wave of corporate adoption similar to Strategy and Metaplanet.”
📈 A breakout above $112K could push BTC back toward its previous all-time high ($111K) and possibly open the path toward $120K, especially if more companies jump on the Bitcoin treasury trend.
📌 Summary:
🔹 Bitcoin stuck between $108K and $111K amid fading momentum
🔹 $3.2B in exchange inflows raises correction risk
🔹 Key levels: $107K (support), $112K (resistance), $102K (downside target)
🔹 Trump Media's BTC buy plan could reignite bullish momentum
🔹 Crucial days ahead as Bitcoin faces high-stakes decision zone
#bitcoin , #crypto , #CryptoMarket , #BTC , #CryptoVolatility
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“