$BTC Coils Near Resistance – Will Bulls Break $108,300 Barrier?
Bitcoin (BTC/USDT) is trading around $108,205 as it grinds toward key resistance. The structure on the 15-minute chart shows a V-shaped recovery and consistent higher lows, hinting that bulls are preparing for another test of the $108,300 zone. This level remains the final gate before a potential push toward recent highs.
Key Price Levels
Resistance Zone:
• $108,300 – $108,500
A breakout above this level could trigger momentum toward $108,900 and $109,500.
Support Zone:
• $108,000
Holding this base is critical. A breakdown could send BTC back toward $107,800 and $107,500.
Trade Plan
Bullish Setup:
Buy on breakout above $108,300
• Target 1: $108,900
• Target 2: $109,500
• Stop-loss: Below $108,000
Bearish Setup:
Sell on breakdown below $108,000
• Target 1: $107,800
• Target 2: $107,500
• Stop-loss: Above $108,300
Momentum is building and buyer dominance is visible in the order book. With nearly 74% of market depth favoring bids, a confirmed breakout could accelerate quickly. Watch for strong volume as the signal for ignition.