Bitcoin Holds Near $105K: Traders Watch for Breakout Past $107.5K

Bitcoin (BTC) is currently trading near $105,450, marking a modest 0.10% gain over the past 24 hours. Despite its resilience in recent weeks, the leading cryptocurrency briefly dipped to $103,700, sparking concern among analysts and traders. Attention is now sharply focused on two crucial technical levels — $107,500 and $103,500 — which are likely to determine Bitcoin’s next major move.

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Bitcoin Holds Near $105K: Traders Watch for Breakout Past $107.5K — source x

Technical Tension: Resistance vs. Support

Crypto analyst Captain Faibik took to social platform X to underscore the significance of this price range.

Resistance at $107,500: Faibik identified this level as a key hurdle for Bitcoin bulls. A successful breakout and sustained move above this zone could trigger a rally toward $117,000, potentially setting a new all-time high.
Support at $103,500: Conversely, a breakdown below this floor may hand control to the bears, increasing selling pressure and deepening the correction.

“The market is compressing, and $107.5K and $103.5K are the pivot points,” Faibik explained. “A breakout from this range will likely define Bitcoin’s medium-term trend.”

$106,800: The Short-Term Pivot

Another crypto analyst, Kevin Capital, added that $106,800 is a crucial short-term level. He noted that Bitcoin’s failure to close above this mark last week puts the asset in a “danger zone.”

“This level has been a battleground for months,” Kevin said. “If BTC reclaims and holds above $106.8K, bulls may regain momentum. If not, bearish sentiment could intensify.”

Chart Signals: A ‘Katana’ Pattern in Play

Technical signals are also pointing toward heightened volatility. Trader Titan of Crypto highlighted a developing Katana formation on Bitcoin’s weekly chart using Ichimoku Cloud analysis. This pattern, characterized by overlapping Tenkan and Kijun lines, suggests a phase of consolidation and market balance.

“A Katana setup means the market is in equilibrium — but not for long,” Titan explained. “This often precedes a strong breakout or breakdown.”

Macro Factors Add to the Mix

Beyond technical indicators, macroeconomic events are also influencing Bitcoin’s price action:

Trade Policy Relief: A recent U.S. decision to extend tariff relief on certain Chinese imports provided a short-term boost to BTC, as easing trade tensions improve broader market sentiment.
Trump-Xi Talks: A scheduled call between President Donald Trump and Chinese President Xi Jinping has traders watching closely. Any developments could sway global risk appetite, including in crypto markets.
Fed Uncertainty: Federal Reserve Chair Jerome Powell has avoided commenting on monetary policy in recent speeches, including at the International Finance Division Anniversary Conference. His silence adds a layer of uncertainty for investors already nervous about inflation and rate policy.

Outlook: Prepare for Volatility

With BTC currently wedged between $103,500 and $107,500, the market appears to be in a holding pattern — but not for long. A breakout above resistance could ignite a surge toward new highs, while a drop below support could reinforce bearish momentum.

For now, the market waits. Bitcoin’s next significant chapter hinges on whether bulls can take command — or whether bears will regain control.

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