Bitcoin’s Resilience Above $105,000

Bitcoin is demonstrating resilience above the $105,000 mark, maintaining stability despite ongoing volatility and economic uncertainty. Bulls face challenges in breaking above the all-time high of $112,000, while the market is currently in a high-stakes consolidation phase. Unstable macroeconomic conditions, marked by weak global growth forecasts and high inflation, are pushing investors toward safer assets. Nevertheless, Bitcoin appears to be thriving under these pressures, furthering its case as a hedge against traditional financial instability.

Technical Development

Top analyst Carl Runefelt recently emphasized a significant technical development: Bitcoin is forming a massive inverse head and shoulders pattern that spans the last four years. This rare long-term formation typically signals a bullish reversal and, if confirmed, could herald a powerful breakout into price discovery. Runefelt points out that the neckline of this pattern corresponds with current resistance just below $112K, making the next few weeks crucial for market direction.

As the crypto market processes geopolitical tensions, central bank policy shifts, and on-chain accumulation trends, Bitcoin’s capacity to remain elevated showcases increasing investor conviction. All eyes are now on whether BTC can finalize this historic pattern and initiate the next leg of the bull run.

Bitcoin At A Critical Crossroads

Bitcoin is at a pivotal level that could dictate the market’s next major move, either a breakout into new all-time highs or a retreat toward lower demand zones. After surging over 10% since last Sunday, bullish sentiment is rapidly building. Still, the price remains stuck in a tight range between $100,000 and $110,000. Bulls are confident and control momentum; however, they have repeatedly failed to push BTC above the critical $110K resistance, while bears have not succeeded in driving the price below the $100K psychological support. This equilibrium creates mounting pressure for a breakout.

This standoff keeps volatility high, compounded by macroeconomic uncertainty and geopolitical instability. However, the current market structure appears favorable for Bitcoin. Should bulls finally succeed in breaking above the $110K level and pushing into price discovery, it would affirm the strength behind this rally and potentially ignite a new phase of exponential growth.

Runefelt believes a major breakout may be imminent. His technical analysis points to a massive inverse head and shoulders pattern forming over the last four years—a rare and notably bullish setup. He advises traders to be “ready for a crazy pump” if Bitcoin surpasses the neckline near $112K. Historically, this kind of pattern precedes explosive rallies, and due to its long-term nature, the upside potential could be substantial.

As long-term holders accumulate and market liquidity increases, the coming weeks may reveal whether Bitcoin establishes its breakout or revisits lower support levels. Regardless, this moment is poised to be one of the most critical phases in the current bull cycle.

BTC Price Analysis: Key Resistance Blocks Price Discovery

Bitcoin is currently trading at $107,144 on the daily chart, reflecting modest gains but facing notable resistance as it nears the $109,300 level. The chart indicates a well-defined horizontal structure between $103,600 and $109,300, a range that Bitcoin has honored for nearly two months. Bulls maintain short-term control after reclaiming all three major moving averages: the 50-day ($105,800), 100-day ($96,784), and 200-day ($96,136) SMAs.

The recent bounce from the $103,600 support zone was coupled with rising volume, suggesting a potential momentum shift to the upside. Yet, BTC has yet to convincingly close above $109,300, which continues to limit any attempts at price discovery. A breakout above this resistance could pave the way for new all-time highs and trigger aggressive bullish continuation.

Conversely, failing to breach resistance and dropping below $105K could reignite bearish pressure and prompt a retest of lower ranges. For now, Bitcoin remains range-bound with a bullish bias, but buyers must follow through with strong volume and a decisive break above the $109K barrier to fully affirm market intent. Caution is essential as indecision looms near key resistance.