Key resistance at $109K determines the next major move
2025-01-21
Category: None

Key resistance at $109K determines the next major move

If Bitcoin manages to recover and hold above the 109K level, it would signal the return of buying momentum. Combined with strong trading volume, this breakout could pave the way for further gains, potentially testing the higher price range again. Buyers may use the psychological support of 100K and technical support of 95K as a basis for accumulation.

However, a decisive break below 102K on increasing trading volume would signal a possible shift in bearish dominance. Failure to hold the psychological 100K mark would increase downside risks, with 95K being the next key support area. The persistent selling pressure and lack of buying confidence during the recent recovery suggest that the market may remain on the vulnerable edge of further declines without a clear bullish catalyst.