Bitcoin at Critical Technical Juncture – Key Support Under Pressure

gas_fee_therapist · 2025-12-26T22:20:14+00:00

Bitcoin's recent dip to $104,510.90 highlights key support and resistance levels, with strong selling at $105,400. Elevated volume suggests waning momentum, as traders remain cautious. Future movement depends on buyer demand or continued selling pressure.

gas_fee_therapist

2025-12-26 22:20:14

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Bitcoin’s recent pullback to $104,510.90 (down 0.74%) on the 15-minute timeframe has intensified focus on crucial support and resistance zones. The $105,400 level showed significant selling resistance, and BTC touched a fresh local bottom near $104,179, signaling growing distribution pressure from sellers.

Volume Analysis & Market Structure

Despite elevated trading volumes, the momentum behind the upside appears to be waning. The $106,000 resistance barrier remains intact as repeated bounce attempts encounter fresh selling waves. This pattern suggests market participants are cautious about pushing higher, with each rally triggering profit-taking among earlier buyers.

Technical Levels to Monitor

The battle is now concentrated around three critical zones:

Support Floor: $104,179 – Breaking below this could trigger accelerated downside
Resistance Range: $105,800 to $106,000 – Where selling pressure has consistently appeared
Breakdown Threshold: Below $104,300 – A violation here would signal weakening buyer interest

What’s Next?

The immediate direction hinges on whether buyers can establish renewed demand at current levels or if selling pressure intensifies further. The next few candles will be decisive in determining whether Bitcoin retests $106K resistance or experiences deeper losses. Traders should monitor volume behavior closely as it may confirm or contradict directional intentions.

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