Bitcoin created a rounded low structure at $104K after breaking below key Monday session support.
The price bounced back fast and is now forming a bullish path that points toward the $107K zone.
Reclaiming $104K shows strong buyer interest as charts project higher movement with new intraday structure.
According to a TradingView chart published June 17, 2025, BTC/USDT futures showed a short-term breakdown followed by a recovery. The price dipped into a previously marked liquidity zone and bounced sharply, forming a potential rounded bottom. This pattern is developing near key intraday levels and suggests bullish continuation above $105,000 if momentum holds.
https://twitter.com/Crypto_R0D/status/1935092008709931507 Monday Low Flips as Key Intraday Resistance
The chart clearly marks the "Monday low" as a horizontal level near $104,250. After breaching this area briefly, Bitcoin reversed and surged higher, testing it from below. The level now appears to serve as a short-term resistance for the price to overcome.
The downward leg leading into the low was steep, showing strong sell pressure into support zones. However, once the low was pierced, price rebounded quickly with notable momentum. This sharp bounce hints at trapped sellers or algorithmic buying activity responding to liquidity pools.
Liquidity levels are also drawn on the chart, with a rising dashed trendline showing accumulation beneath $104,000. This zone likely served as a trap where market orders were absorbed and used to fuel the recovery. Bitcoin has now returned to hover just below $105,000, attempting to build structure.
Reversal Formation Hints at Short-Term Upside
A curved arrow on the chart highlights a developing rounded bottom near the lowest point of the dip. This visual cue outlines a possible bullish reversal pattern, common in market bottoms on lower timeframes like the 15-minute chart. The pattern suggests a shift from selling to gradual accumulation and potential breakout.
If confirmed, the next structure may involve minor pullbacks followed by an impulse leg higher. The projected path on the right side of the chart shows an upward move above $106,000 with minor retests along the way. This layout aligns with typical price reactions after reclaiming key lows in volatile ranges.
Rounded bottoms are often early signs of trend reversals, especially when paired with reclaiming previously lost levels. With BTC now bouncing from $104,000 and showing structure, price watchers may track the $106,250–$107,000 region as the next resistance.
This behavior matches past intraday reversals where liquidity sweeps mark local lows before larger directional shifts. Market participants now watch for follow-through strength in upcoming sessions.
Is This $104K Bounce Signaling a Fresh Upward Move?
This leads to a critical question: is the $104,000 reversal a setup for a fresh short-term move toward higher resistance levels?
The current recovery trajectory and the pattern forming beneath key lows suggest traders are positioning for continuation. A move above the Monday low confirms the rejection of lower prices, while reclaiming liquidity zones further supports this bullish case.
The drawn price path on the chart shows structure forming with consolidation, shallow pullbacks, and projected momentum toward $107,000. Price is now approaching the $105,250 region with steady action. As long as $104,000 holds, buyers appear active near the recent low.
