Bitcoin Faces Critical Test at $108,900 as Market Eyes Next Major Move
Bitcoin’s weekend rally has pushed price into a major high-timeframe resistance zone around $108,900, a historically significant level. As technical confluence builds at this area, the coming sessions will be pivotal in determining whether this marks a local top—or a launchpad toward new all-time highs.
Market Overview
Bitcoin has entered the week with strong momentum following a weekend surge. However, it now trades within a key resistance zone, which has previously capped bullish advances. This level coincides with several technical markers:
Value Area High
Previous Swing High
0.618 Fibonacci Retracement
Macro Horizontal Resistance
Technical Outlook
Key Resistance – $108,900: This multi-factor level serves as a potential trigger for a breakout or rejection.
Support Cluster – Weekend Lows (~$104,000): Includes the point of control, value area low, and another 0.618 Fib retracement.
Liquidity Risk: Bitcoin often sweeps weekend lows before significant directional moves—especially when consolidating beneath resistance.
What to Watch
A 4H or daily candle close above $108,900 with strong volume would likely confirm bullish continuation, potentially setting the stage for new all-time highs. Conversely, a rejection on low volume could lead to a liquidity sweep toward the $104,000 zone before any sustained upside resumes.
Bottom Line
Bitcoin is at a critical decision point. This week’s price action will likely pivot on how the market reacts to resistance at $108,900. Watch closely—a breakout or rejection here could shape the near-term trend.