Is $105,000 the new battleground between bulls and bears?
$BTC Bitcoin is trading at $105,814, with a market cap of $2.104 trillion and a 24-hour trading volume reaching $34.134 billion. The daily price range between $105,871 and $108,785 reflects a contained yet active market, indicating a continuous state of indecision among traders.
Bitcoin

The 4-hour chart shows a weaker bullish structure turning towards a bearish trend. Bitcoin recently bounced off $102,816 but failed to maintain momentum above $109,000. Lower high formations are evident, signaling weakening bullish strength. Bearish trading volume near local highs supports the distribution view. If Bitcoin prints a double bottom or bullish divergence between $103,000–$104,000, an upward opportunity may arise. On the other hand, rejection near $108,500–$109,000 will confirm selling pressure.

On the hourly chart, Bitcoin has entered a short-term downtrend. Following the local peak at $108,990 are lower lows consistently, and the price recently tested the support level around $105,000. Momentum favors sellers, with an increase in trading volume accompanying the sell-offs. Traders may consider buying around $105,000–$105,200 if a strong rebound occurs, while selling may be executable near $107,000–$107,500, especially if the price action shows bearish reversal patterns such as shooting stars or bearish engulfing candles.
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