Resistance Level of Recent Decline of $BTC

The recent decline in Bitcoin’s price has been associated with several key resistance levels, as identified in the provided data:

Primary Resistance Zone: $104,000–$106,000

Bitcoin faced multiple rejections at this zone during its parabolic run from $94,000 to $104,000, as noted in technical analyses. This area aligns with pivot levels and historical highs, acting as a strong ceiling.

A post on X specifically mentions resistance at $104,365 and $109,120, with price retreating from $104,000 toward lower support.

Secondary Resistance: $100,000–$102,000

Bitcoin has struggled to break above $100,000 since early February 2025, with overhead resistance suppressing rallies. This psychological level, combined with technical indicators like the 50-day SMA ($84,180) and 200-day SMA ($87,650), has capped upward moves.

Recent Context: As of May 15, 2025, Bitcoin is trading around $102,133 (per TradingView data), having fallen from a high of $109,356 on January 20, 2025. The $104,000–$106,000 zone remains the most relevant resistance for the recent decline, with current price action showing consolidation between $101,000 and $105,000.

Conclusion: The primary resistance level for the recent decline is $104,000–$106,000, with $100,000 acting as a psychological barrier. A break above $106,000 could signal bullish continuation, but current momentum suggests difficulty in overcoming this zone.