Bitcoin has failed to clear 106617 for the third time and traders are now watching support levels closely.
A move toward 91000 or 92000 may be next if the resistance holds and that is not a sign of weakness.
The chart shows clear structure with price reacting at the same level which may lead to another short dip.
Bitcoin ($BTC) continues to trade under heavy resistance at 106,617 after tapping the level for the third time this cycle. A pullback into the 91,000–92,000 range is now expected and may not indicate weakness, according to current technical readings. Market observers highlight this zone as a normal correction phase, rather than a reversal signal.
Source: X Resistance Zone Holds Firm Near 106,617
The 106,617 level has emerged as a powerful barrier for Bitcoin, rejected on three separate attempts in recent months. Each time the price approached this range, selling pressure increased, preventing a breakout. Current price action shows another test at this zone, triggering discussions around short-term direction.
Analyst Anup Dhungana noted that Bitcoin remains under resistance, and a pullback should not cause concern at this stage. His chart indicates multiple failed breakouts at the same horizontal level, reinforcing the zone’s technical strength. The dotted line serves as both visual and analytical confirmation of consistent price rejection.
Traders are keeping close watch on this zone, as failure to break above it may suggest a brief reset in price momentum. In this view, a dip into the 91,000–92,000 range would offer a chance for market rebalancing before any fresh rally attempts. The structure continues to hold its form across daily intervals.
Pullback Levels Identified Around 91,000 to 92,000
Current support for $BTC lies within the 91,000–92,000 range, where analysts expect a pullback to take place. This level previously acted as a pivot during earlier phases of the trend. Should Bitcoin retrace to this area, traders consider it part of a healthy trend continuation.
The chart shows clear symmetry in price reaction, with prior pullbacks also occurring after failed breakouts at horizontal resistance. This supports the idea that the market could test lower support before mounting another push. Price structure from late 2024 also aligns with this analysis.
Anup Dhungana’s commentary confirms that such a move should not trigger bearish sentiment. Instead, it would be consistent with past behavior that eventually led to higher price action. Price resilience in this range remains the key factor in determining mid-term direction.
Will Bitcoin Break 106,617 or Repeat a Correction Cycle?
A key question now arises—will Bitcoin finally close above 106,617 or follow the established pattern of rejection and pullback? The chart suggests a decision point approaching, with multiple taps at resistance and rising pressure beneath. Analysts are treating this area as make-or-break for short-term price momentum. If price breaks through, it could initiate the next major leg upward.
However, history shows that failed breakouts often result in swift corrections. Traders may look to re-enter in the 91,000–92,000 zone if a dip occurs. Volume and reaction in that area could determine whether $BTC stabilizes for another rally.
Until a decisive move is made, the 106,617 resistance remains Bitcoin’s ceiling, while the 91,000–92,000 support range offers the base for potential recovery.
