Bitcoin is consolidating just below key resistance at $107.8K, signaling a potential breakout.
Institutional buying is providing strong support, but macro data could reverse the trend fast.
Technical indicators show a volatility squeeze, traders are bracing for a sharp move.
After a weekend rebound from a brief plunge near $100,500 triggered by the public fallout between US President Donald Trump and Elon Musk, Bitcoin
BTC
$106 716
24h volatility:
1.4%
Market cap:
$2.12 T
Vol. 24h:
$20.96 B
has stabilized around $105,500.
Yet, analysts are cautioning against prematurely celebrating this apparent recovery.
Will Bitcoin Climb Higher?
Technically, Bitcoin has broken out of its recent two-week downtrend and is now approaching the $106,600 resistance level. A daily close above this level could reinforce the bullish narrative. For now, some light rejection at this price zone appears normal, but the market’s structure remains fragile.
The Fear & Greed Index sits at 55, indicating balanced sentiment and suggesting that the market is in a holding pattern, awaiting a decisive macroeconomic or narrative catalyst.
Institutional Influx Bolsters Support
One of the significant pillars of Bitcoin’s recent resilience has been the growing adoption of corporate Bitcoin treasuries. Notably, Trump Media and Technology Group announced a $2.5 billion BTC treasury initiative, quickly followed by GameStop’s bold move to acquire 4,710 BTC.
Strategy and Metaplanet are doubling down, with the former recently announcing a $1 billion perpetual preferred stock offering, partly earmarked for additional BTC purchases.
Technical Indicators Suggest Imminent Volatility
Based on the chart below, it is clear that the on-Balance Volume (OBV) has been flattening out just below 1.84M. While this reflects a pause in aggressive buying, it also signals that selling pressure hasn’t accelerated, an encouraging sign for bulls.
BTC Daily Chart with OBV and BoP | Source: TradingView
The Balance of Power (BoP), however, remains negative (around -0.20), suggesting bears still hold some sway in the short term. Unless BoP starts to tick higher, upward moves could face headwinds.
According to analyst Crypto King, Bitcoin is undergoing a volatility squeeze just below resistance at $107,800. “Price holding higher lows, volumes drying up, and RSI cooling off… If we flip resistance this time, the next stop is $120K,” he said.
Finally, the Bitcoin price action, compressing just under resistance, hints at an imminent breakout. Given the cooling RSI and drying volume, this could well be the classic setup for a sharp move. The direction will largely depend on whether Bitcoin can clear and hold above the black resistance trendline ($106,600–$107,800).
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bitcoin Clings to $105K, Is a Massive Breakout Just Around the Corner? - Coinspeaker
Key Notes
After a weekend rebound from a brief plunge near $100,500 triggered by the public fallout between US President Donald Trump and Elon Musk, Bitcoin
BTC $106 716
24h volatility: 1.4%
Market cap: $2.12 T
Vol. 24h: $20.96 B
has stabilized around $105,500.
Yet, analysts are cautioning against prematurely celebrating this apparent recovery.
Will Bitcoin Climb Higher?
Technically, Bitcoin has broken out of its recent two-week downtrend and is now approaching the $106,600 resistance level. A daily close above this level could reinforce the bullish narrative. For now, some light rejection at this price zone appears normal, but the market’s structure remains fragile.
The Fear & Greed Index sits at 55, indicating balanced sentiment and suggesting that the market is in a holding pattern, awaiting a decisive macroeconomic or narrative catalyst.
Institutional Influx Bolsters Support
One of the significant pillars of Bitcoin’s recent resilience has been the growing adoption of corporate Bitcoin treasuries. Notably, Trump Media and Technology Group announced a $2.5 billion BTC treasury initiative, quickly followed by GameStop’s bold move to acquire 4,710 BTC.
Strategy and Metaplanet are doubling down, with the former recently announcing a $1 billion perpetual preferred stock offering, partly earmarked for additional BTC purchases.
Technical Indicators Suggest Imminent Volatility
Based on the chart below, it is clear that the on-Balance Volume (OBV) has been flattening out just below 1.84M. While this reflects a pause in aggressive buying, it also signals that selling pressure hasn’t accelerated, an encouraging sign for bulls.
The Balance of Power (BoP), however, remains negative (around -0.20), suggesting bears still hold some sway in the short term. Unless BoP starts to tick higher, upward moves could face headwinds.
According to analyst Crypto King, Bitcoin is undergoing a volatility squeeze just below resistance at $107,800. “Price holding higher lows, volumes drying up, and RSI cooling off… If we flip resistance this time, the next stop is $120K,” he said.
Finally, the Bitcoin price action, compressing just under resistance, hints at an imminent breakout. Given the cooling RSI and drying volume, this could well be the classic setup for a sharp move. The direction will largely depend on whether Bitcoin can clear and hold above the black resistance trendline ($106,600–$107,800).
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.