Bitcoin hovers between $102K support and $110K resistance, with a descending triangle pattern signaling growing breakout tension.
Repeated rejections near $112K and rising volatility hint at a pivotal move as BTC nears the apex of its two-month consolidation.
If Bitcoin closes above $110K or breaks below $102K, traders could witness a major trend shift in either direction soon.
According to Rekt capital, Bitcoin is displaying wild volatility as it trades at $107,931 on July 4, 2025. The market is gripped by uncertainty as BTC remains stuck within a descending triangle pattern. While price action hovers above a key support zone near $102,464, repeated failures to break the resistance trendline around $110,000 signal ongoing indecision among traders..
Descending Triangle Pressures Bitcoin Price
Since May, Bitcoin has formed a series of lower highs while maintaining steady lows near $102,464. This has shaped a descending triangle—often a bearish pattern—on the daily timeframe. Multiple rejections have occurred, especially near $112,000 in late May and again in June. Another attempt around $110,000 in early July also failed, supporting the downward-sloping resistance.
Source: Rekt Capital
Besides that, trading volume has spiked each time Bitcoin touches the upper boundary. Red candles dominate the pullbacks, signaling selling pressure. These rejections suggest that bulls struggle to break the resistance convincingly. However, the horizontal support has held firm, providing a strong base despite the bearish momentum.
Market Awaits Key Breakout or Breakdown
Moreover, the market now eyes the triangle’s apex. A strong daily close above $110,000 could invalidate the bearish setup. Such a breakout may spark bullish momentum and open the door to retesting $115,000. Conversely, a breakdown below the $102,464 support could trigger aggressive selling. That move might drag BTC toward $100,000 or even lower.
In addition, trade volume and momentum indicators ought to support Bitcoin's decision. Investors keep an eye on whether the current market movement is merely a downward trend or the beginning of a more significant correction.
The post Bitcoin Teeters Between Breakout and Breakdown as Key Levels Hold appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
