Bitcoin now moves between strong support at $105,739 and resistance near $108,699, with high trader focus on both sides.
The chart marks $109,503 as a breakout target if BTC clears $108,699 with momentum and buyer volume intact.
If Bitcoin drops under $105,739, the price could revisit $102,538, where earlier June demand first stepped into the trend.
Bitcoin (BTC) continues to trade within a narrowing range between key support at $105,739 and resistance near $108,699. A chart posted by Eliz on June 30, 2025, shows BTC testing both directional triggers with a symmetrical setup forming on the 4-hour Bitstamp chart. Price levels at $109,503 and $102,538 have been marked as targets if either trigger activates.
Source: X
The analyst outlined a “two trigger” system, where confirmation depends on whether BTC breaks above $108,699 or falls below $105,739. The tweet reached over 120.8K viewers and drew wide engagement across the trading community. Each level corresponds with visible historical reactions from previous market activity.
Descending Resistance Meets Bullish Momentum
Bitcoin’s current structure shows it testing a descending trendline that stretches from the June highs. This line intersects closely with the $108,699 resistance zone. The price has rejected here multiple times, confirming the trendline as a key level.
If bulls push BTC through $108,699, the next projected target is $109,503. This area represents the final ceiling within the current compression pattern. The visual structure suggests a possible breakout if volume rises on confirmation.
However, a failed attempt to breach this upper band could send BTC back toward the $105,739 level. This zone sits just above a major consolidation region visible across the mid-June lows. It also aligns with the most recent liquidity bounce.
Support Holds as Reversal Path Builds
The $105,739 support level remains critical for maintaining short-term bullish structure. According to Eliz’s chart, price has responded multiple times in this zone. It is highlighted with a green box, identifying it as a buyer reaction area.
Traders watching this range are using it as a decision zone. A clean break below this level would expose Bitcoin to downside pressure with $102,538 as the next likely stop. The price previously rebounded from this lower band in early June.
Volume around the $105K zone has also picked up, indicating active participation. Should Bitcoin hold above this level, another move back toward resistance is likely. The market remains coiled, awaiting a breakout in either direction.
Can Bitcoin Sustain Momentum Toward $110K?
The question remains: Will Bitcoin breach the descending resistance and reclaim the $109.5K level, or lose $105.7K and retest $102.5K? Price structure suggests a breakout is imminent, with traders watching both triggers for confirmation.
If price closes above $108,699, the bullish trigger activates with room toward $109,503. Momentum buyers may re-enter at that point. The structure on Eliz’s chart shows a bullish path if resistance turns into support.
Alternatively, if bears regain control and push BTC below $105,739, the bearish scenario unfolds. This would target $102,538 with increased downside pressure. All eyes now remain fixed on Bitcoin’s reaction near these converging lines.
