#Bitcoin once again attempted to break above the critical resistance zone at $105,000, but the price was firmly rejected, signaling the continued presence of strong selling pressure at this level. This area has now been tested multiple times, reinforcing its significance as a psychological and technical barrier.
Despite a backdrop of positive fundamental news, the market has not responded with sustained buying momentum. This suggests that bullish sentiment is weakening, or that buyers are being cautious, possibly waiting for a deeper pullback or clearer signals before re-entering the market.
The repeated rejection at $105,000 also hints at a possible short-term distribution phase, where large holders may be offloading positions.
Until #BTC can confidently break and close above this level with strong volume and follow-through, the risk of a pullback or range-bound consolidation remains high.
In summary, while the macro outlook might still support a bullish trend in the long term, the current price action reflects a market that is struggling to find momentum, and $105,000 remains a key resistance to watch in the days ahead.
