Bitcoin Hovers Below $110K as Bulls Defend Key Support Levels

• Bitcoin is consolidating just below the $110,407 resistance, signaling a key inflection point for price direction.
• Despite short-term weakness, Bitcoin maintains a stair-step breakout pattern, reinforcing long-term bullish control.
• As long as BTC stays above the $95,000–$100,000 zone, market structure favors upward continuation over reversal.

Bitcoin (BTC) is trading just below its critical resistance level, maintaining upward momentum that has spanned several months. As of the latest weekly close, BTC is priced at $108,973, representing a slight 0.6% decline over the past 24 hours. The potential for a tightening market between $108,616 and $110,407 is leading investors to ask if a continuation or a reversal of trends could happen in the weeks to come.

Weekly Structure Shows Layered Breakouts

Considering a long-term weekly chart for Bitcoin, we can clearly see that its upward breaks are accompanied by short consolidations above the previous resistance points. From early 2024, the obvious upward progression demonstrates that bulls have strong control over the market.

Each horizontal black line on the chart represents a former resistance that turned into support—these include significant levels around $30,000, $41,000, $67,000, and $95,000. The most recent level, now being tested near $108,600, reflects the market’s current battleground. Bitcoin’s latest breakout from the $95,000 range has yet to be fully confirmed, as prices now hover just below the $110,407 resistance zone.

Current Market Sentiment and Technical View

The narrow trading range between $108,616 and $110,407 marks a potential inflection point. Although the recent dip is minor, it may indicate short-term exhaustion as price approaches a historically relevant resistance. The absence of high volume near this top range could signal hesitation among buyers.

Although Bitcoin pulled back slightly, it is still holding above all significant weekly support levels. A retracement could happen no matter the cause, but as long as Bitcoin maintains support between $95,000 and $100,000, it would still be considered bullish. If the price remains below $10,000, it might lead to either temporary decreasing price or extended flat trend.

Bitcoin Eyes Breakout or Breakdown Near Key $110K Level

From a market structure perspective, the current positioning indicates a wait-and-see phase. If BTC breaks above $110,407 with confirmed volume and momentum, the next leg up could target the $125,000–$130,000 region. Such a move would align with the historical pattern of strong follow-through after weekly breakout confirmations.

If the asset drops below the support of $108,616, the cryptocurrency could slide down to test $100,000. A further dip in price may bring it close to the previous area of resistance which is now considered support at $95,000.