Despite cooling momentum, optimism lingers across crypto markets as technical signals hint at a possible bullish breakout. With the $107K resistance and $101K–$103K support levels shaping the short-term trend, market sentiment remains cautiously positive while long-term holders begin realizing profits after months of accumulation.

Current Landscape: BTC Price Holding Steady at ~$105K

The price of Bitcoin (BTC) remains steady around the $105,000 mark after briefly climbing above the six-figure threshold and testing a major resistance area near $107,500. This consolidation follows a strong rally driven by post-halving optimism and renewed institutional demand, which helped Bitcoin reclaim psychological support above $100K for the first time in months. Despite facing headwinds at higher levels, the market structure continues to show strength, with traders closely monitoring the next decisive move.

Bitcoin reclaimed $100K but was rejected near $107,500 and is now eyeing a pullback to $101K–$103K support before testing $110K–$112K. Source: ijaz crypto on TradingView

Analysts suggest that Bitcoin is currently undergoing a short-term corrective phase within a broader bullish market structure. The ongoing pullback is viewed as a healthy pause rather than a trend reversal, allowing momentum indicators to reset before a potential new leg higher.

As volatility tightens, attention now shifts to how Bitcoin reacts to its nearby support levels—a rebound from these zones could reignite upward momentum toward the $110K–$112K target range.

Resistance Challenge Ahead

The recent attempt of Bitcoin to break through the resistance zone of $107,000-$108,000 was strongly rejected and confirming this level as a significant obstacle for further gains. The price since then has hovered close to the $105,000 mark with hesitation as traders await a clearer direction.

Bitcoin faced rejection at the $107K–$108K resistance, with key support near $104K aligning with a CME gap that could trigger a potential rebound. Source: Ted via X

A drop below key short-term support could drive BTC to the $100K region or even the $98K liquidity area, while a bounce off the daily order-block zone of $101K-$103K could reignite momentum to the $110K-$112K range. In other words, the $107K level continues to be an important resistance level, and how Bitcoin reacts around its nearby support zones will likely determine its next major move.

Technical Signals: Momentum Brewing for BTC Price

Technical indicators show signs of a potential turnaround. A bullish crossover in the Moving Average Convergence Divergence (MACD) indicator for BTC is reportedly close. For example:

“$BTC MACD bullish cross is about to happen.”

AshCrypto signals a MACD bullish crossover, with Bitcoin near $105K, hinting at a short-term rally. Source: Ash Crypto via X

This type of crossover is often viewed as a momentum-triggering event. A strong close above the $106,000 region should confirm the signal and open a path towards the target of $110K for BTC.

That said, MACD signals are never bulletproof in themselves: they work best in combination with other indicators such as RSI, volume, and trend confirmation.

Long-Term Holder Activity: Watch the Profit Taking

On-chain data suggest considerable selling by long-term holders (LTHs). Since July 2025, roughly 371,584 BTC (~US$39 billion at current levels) have been offloaded. Long-term holders are realizing profits at elevated levels, a phenomenon historically associated with market transitional phases.

“Long-term holders … have already sold 371,584 Bitcoin $BTC since July.”

Long-term holders have sold 371,584 BTC since July, reaching peak spending levels. Source: Ali Martinez via X

Furthermore, the ratio of LTH to STH supply has fallen roughly 11% in recent months—a metric indicating accumulation may have already flipped to distribution.

That begs the question: Is profit-taking by holders a sign of an impending reversal, or merely a consolidation pause ahead of the next leg higher? Uncertain is the answer for now, but it’s one aspect of behavior worth monitoring for any Bitcoin price forecast.

Outlook: Bitcoin Price Prediction & Key Levels

Given the current market conditions, Bitcoin’s price outlook presents both bullish and cautious scenarios. If the cryptocurrency manages to secure a daily close above the $107K–$108K resistance zone, it could pave the way for an upward move toward the $110K–$112K range. Conversely, if BTC fails to hold its support between $101K and $103K, a deeper retracement toward the $100K or even $98K level remains possible.

Bitcoin was trading at around 105,044.32, down .90% in the last 24 hours at press time. Source: Brave New Coin

In the short term, momentum indicators and institutional activity appear supportive, with U.S.-listed spot Bitcoin ETFs showing renewed inflows after a period of consistent outflows. However, given the elevated price levels, ongoing volatility, and changing on-chain dynamics, any sustained rally toward $110K will likely depend on a combination of strong technical signals, positive market sentiment, and steady capital inflows.