BitcoinResistance

Bitcoin trades at $105,339.83, facing key resistance near $106,000.
A breakout could propel Bitcoin to a $120,000 price target.Market cap stands at $2.08 trillion with a $41.89 billion trading volume.Institutional buying may support Bitcoin’s upward momentum.High correlation with S&P 500 influences Bitcoin’s price trends.
Bitcoin Price Stalls at $105,339.83 Amid Resistance
Bitcoin is trading at $105,339.83 on June 2, 2025. The cryptocurrency faces a critical resistance level that has held firm in recent weeks. A chart shared on TradingView highlights this barrier, showing Bitcoin’s struggle to push higher after a sharp decline from its recent highs.
The price chart indicates a descending trendline that has capped Bitcoin’s upward movement since late May. This resistance aligns with levels near $106,000, a threshold Bitcoin has failed to breach consistently. The current price reflects a 0.64% drop over the past 24 hours, with a low of $104,639.52 recorded earlier today.
Market data reveals Bitcoin’s market capitalization stands at $2.08 trillion. The 24-hour trading volume is $41.89 billion, signaling sustained interest despite the price consolidation. Bitcoin’s inability to break above this resistance has kept it range-bound, oscillating between $104,000 and $106,000 in recent sessions.
A report from CoinMarketCap shows Bitcoin’s circulating supply at 19.77 million BTC. The total supply is capped at 21 million, reinforcing its scarcity-driven value proposition.
$120,000 Target Looms If Resistance Breaks
Bitcoin could surge to $120,000 if it overcomes the current resistance. A post on X emphasized this potential, stating that surpassing this barrier would pave the way for a significant rally. The chart supports this outlook, projecting a breakout that could drive Bitcoin to new all-time highs.
Historical resistance levels near $106,500 have proven challenging for Bitcoin in the past. Data from TradingView indicates that Bitcoin briefly surpassed $105,000 in mid-May but faced rejections at higher levels. The $120,000 target hinges on a decisive close above the current resistance zone.
Market sentiment remains cautiously optimistic. Institutional interest in Bitcoin has grown, with companies like Trump Media announcing plans to acquire BTC. According to a Reuters report, Trump Media’s CEO Devin Nunes described Bitcoin as a “leading tool for financial freedom.” This corporate buying could fuel upward momentum if resistance breaks.
Bitcoin’s correlation with the S&P 500 remains high at 70% over the past month, per Cointelegraph data. This suggests broader market trends could influence Bitcoin’s trajectory.
The next few days are pivotal for Bitcoin. A failure to break above resistance could lead to a retest of support near $104,000. Conversely, a strong breakout might trigger a rapid ascent toward the $120,000 mark, as projected by market observers.
#BitcoinPrice #BTCBreakout #CryptocurrencyNews #BitcoinResistance #MarketTrends

No false info – Deep analysis with real market data
Bitcoin once again faced rejection at the $110,000 level and has started to drop. Bulls attempted a breakout, but sellers pushed the price back down, and now BTC is trading below $108,500 and the 100-hour simple moving average (SMA).

A key trendline support was broken, signaling potential short-term weakness.

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📉 Quick Price Recap:

Bitcoin surged past $108,500, hit a high of $109,700, and then reversed.

The price dropped below $109,200, $108,500, and broke a rising trendline.

It is now trading near $107,800 with resistance building overhead.

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🔎 Technical Analysis:

✅ Current Indicators:

MACD (Hourly): Gaining strength in the bearish zone

RSI (Hourly): Below 50 — bearish momentum in control

Trendline: Broken support at $108,200

📊 Key Levels to Watch:

Resistance Levels:

🔺 $108,150 – minor bounce resistance

🔺 $108,500 – 50% Fib retracement (from $109,700 to $107,674)

🔺 $109,700 – last swing high

🔺 $110,000 – major psychological barrier

🔺 $112,000 – $115,000 – only possible if BTC breaks $110K strongly

Support Levels:

🔻 $107,500 – immediate support

🔻 $106,500 – critical zone to avoid sharp losses

🔻 $105,500 – next support

🔻 $104,200 – possible target in deeper correction

🔻 $103,500 – major long-term support zone

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🧠 Market Sentiment & Behavior:

Bulls are showing exhaustion near $110K

Sellers are active in every bounce

Whales may accumulate near $106K or lower

Market remains volatile — high caution is advised

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🔮 What’s Next for BTC?

🟢 Bullish Scenario:

If BTC reclaims $108,500 with good volume:

Quick retest of $109,700

Break above $110,000 opens doors for $112K–$115K

Volume confirmation needed for sustained rally

🔴 Bearish Scenario:

If BTC stays under $108,500:

May test $107,500, then $106,500

Below $106,500 = likely drop to $105,500 or $104,200

If panic sets in, $103,500 becomes critical support

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📌 Pro Trader Tips:

✔ Avoid fresh longs below $108.5K unless reversal confirmation is strong
✔ Watch for volume spike at $106.5K — bounce or breakdown incoming
✔ MACD & RSI both point bearish — trend reversal not confirmed
✔ Accumulation zone (for long-term investors) may begin near $104K–$106K

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✅ Final Thoughts:

Bitcoin bulls are struggling to break the $110K wall — it's now acting like a heavy ceiling. Until BTC regains $108,500, the trend stays tilted to the downside.

But don’t forget:
Crypto thrives on surprise moves and fake breakdowns. Be ready, not reactive.

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📉 Supports to watch: $107,500 → $106,500 → $105,500
📈 Upside targets: $108,500 → $109,700 → $110,000+

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📣 What’s your take?
Will Bitcoin bounce from $106,500 or are we heading to $104K?
Let’s discuss below 👇

#noobtoprotrader #BitcoinResistance #CryptoNews #Altseason #MarketCrash $BTC

Bitcoin has surged to $BTC 96,000, but it's encountering strong resistance in the highlighted green zone. Despite recent bullish momentum, price action suggests a potential fake breakout is unfolding.
Key Levels to Watch:
If BTC$BTC fails to hold above this resistance zone, downside pressure could intensify.A breakdown could trigger a move toward the $BTC 69K–$70K range, as projected in blue.Momentum is waning — bulls must step in soon or risk losing control to the bears.
What This Means:
This is a critical inflection point. A confirmed rejection from the green zone could accelerate a bearish reversal. Traders should monitor price action closely before entering new positions.
Follow @hafsasajjad_82197 for real-time market insights and high-probability altcoin setups.

$BTC is currently trading around $95,500, experiencing a 3% decline in the last 24 hours. The market shows bearish momentum, with BTC struggling to hold above critical levels.
Key Support Levels:
1. $93,700: The recent 24-hour low, acting as the nearest support level.
2. $90,000: A psychological level with historical buying interest.
Key Resistance Levels:
1. $97,530: The 7-day EMA, which BTC needs to reclaim to reverse bearish sentiment.
2. $99,000 - $100,000: A strong resistance zone that could trigger further upside if breached.
Market Sentiment:
▫️The RSI suggests oversold conditions, indicating a possible bounce.
▫️However, the MACD and declining volume signal continued bearish pressure.
Strategy Tip:
Traders should monitor BTC's reaction near $93,700 for a potential bounce or a breakdown. A close above $97,530 could signal a recovery, while a fall below $93,700 might lead to $90,000. Always use stop-loss orders to minimize risk.
#BTCAnalysis #BTCPricePrediction #BitcoinSupport #BitcoinResistance #BTCUpdate

Bitcoin has soared to $119,000, approaching a critical resistance level that could determine its next big move. With momentum building, traders and analysts are closely watching to see if BTC can decisively break past this barrier and establish a new all-time high.

What’s Driving the Surge?

Institutional Buying: Continuous inflows into spot Bitcoin ETFs are fueling bullish sentiment.
Macro Tailwinds: With inflation concerns easing and interest rates stabilizing, investors are reallocating into risk assets like crypto.
Technical Strength: Bitcoin’s recent price action has formed a strong bullish pattern, with higher lows and consistent volume surges.

The Resistance Level to Watch

The key resistance zone currently sits around $120K to $122K. A clean breakout above this range, backed by volume, could propel Bitcoin into price discovery mode — with potential targets between $130K to $140K.

Risks and Caution

Despite the optimism, caution is warranted:

Overbought Signals: RSI and other indicators are nearing overbought territory.
Whale Activity: Profit-taking by large holders near psychological levels could trigger pullbacks.
Global Market Sentiment: Any sudden macroeconomic shifts could impact crypto markets.

What Traders Should Do

Watch for volume confirmation before assuming a breakout is sustained.
Set strategic stop losses in case of false breakouts.
Monitor ETF inflows and on-chain activity for signs of continued institutional interest.

Bottom Line

Bitcoin at $119K is a testament to the growing confidence in crypto as a mainstream asset. Whether it breaks above resistance or faces a temporary pullback, the long-term outlook remains bullish — but informed risk management is key.

#Bitcoin119K #BTCBreakout #CryptoMarkets #BitcoinResistance
#CryptoStrategy

Bitcoin is currently consolidating just below the $100,000 mark, trading around $95,000 to $98,500. While the cryptocurrency has shown resilience in this range, breaking past the six-figure milestone remains a significant challenge. After hitting resistance near $98,500, Bitcoin faced another pullback, dipping below $96,500 and testing the $95,000 support zone. The 100-hour Simple Moving Average (SMA) now sits below $96,500, indicating a potential bearish tilt in the short term.
Recently, a key bullish trendline, which had been supporting the price at $96,670, was breached on the hourly BTC/USD chart. Despite this, Bitcoin managed to recover slightly, climbing back above $95,500 and surpassing the 23.6% Fibonacci retracement level from the $98,424 high to the $94,899 low. Immediate resistance lies at $96,650, with more substantial hurdles at $97,000 and $97,600—the latter being the 76.4% Fibonacci retracement level. A decisive close above $97,600 could reignite bullish momentum, pushing the price toward $98,500 and potentially breaking the $100,000 barrier.
However, if Bitcoin fails to reclaim the $97,000 level, further declines could be in store. Initial support is found near $95,500, with more significant levels at $95,000 and $93,500. A deeper correction might drive the price toward $92,000, with strong support anticipated around $91,000.
Technical indicators present a mixed outlook. The MACD remains in the positive zone on the hourly chart, suggesting some bullish potential. However, the Relative Strength Index (RSI) for BTC/USD has dipped below 50, signaling a possible bearish shift. Key support levels to watch are $95,500 and $95,000, while resistance levels stand at $97,000 and $98,000. A break above these resistance points could pave the way for Bitcoin to challenge its all-time highs and beyond.
#BTCMomentum #CryptoMarketUpdate #BTCPriceAnalysis #BitcoinResistance #BTCBullRun $BTC

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