Bitcoin Price Stalls Below $107K as Resistance Holds Strong
0
0
After briefly retesting $107,500, the Bitcoin price today is back under pressure near $106,970 as bulls struggle to maintain momentum. A lack of follow-through above the key Fibonacci zone and continued resistance near $108,000 has capped upside attempts. The structure remains bullish overall, but signals of exhaustion are building.
What’s Happening With Bitcoin’s Price?
The daily chart shows Bitcoin price consolidating below the $108,000–$110,500 resistance band, which aligns with the 0.786 and 1.0 Fibonacci retracement levels. Price is still above the 0.618 Fib support at $105,889, keeping BTC in a neutral-to-bullish posture for now.
BTC remains above the Bull Market Support Band ($94,993–$97,388), with trend bias still favoring buyers in the broader outlook. However, momentum has slowed sharply over the past five sessions, and recent candles show small bodies and long upper wicks—indicating weakening bullish intent.
The liquidation chart shows over $9.6M in long positions wiped on July 1, with shorts reentering across…
The post Bitcoin Price Stalls Below $107K as Resistance Holds Strong appeared first on Coin Edition.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
