#BTCDipOrRebound Bitcoin News: Bitcoin Must Reclaim $106,000 to Trigger New Price Discovery, Traders Say

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Bitcoin Faces Key Resistance at $106,000, Though a Retest of $85,000 Remains Possible

Crypto traders view $106,000 as a critical level for Bitcoin (BTC) to confirm its next leg higher, with some warning that a drop to $85,000 remains on the table if current support fails.

Pseudonymous trader Pentoshi believes a pullback to $106,000 would trigger a new round of price discovery, allowing BTC to surpass its all-time high of $109,000 set in January. However, if Bitcoin breaks below the $92,000-$94,000 support zone, the next major support lies at $85,000, a level not seen since November 2024.