• Bitcoin trades below $105K, stuck in a tightening price range.
• Technicals hint at strength, but no clear buyer or seller dominance.
• A breakout above $105K or drop below $100K could trigger major moves.

Bitcoin — BTC, is now teetering on a tightrope. Price action flickers just below $105,000, like a candle before a gust. At $103,811, the coin shows signs of life, gaining 2% in 24 hours. But the celebration feels muted. Trading volume jumped 17%, yet the bulls hesitate. This zone feels like a pressure cooker, with each tick echoing the market’s nervous heartbeat. Everyone’s asking if Bitcoin will explode or retreat?

Price Range Narrows, Traders Wait for a Spark

The price of Bitcoin has hovered between $101,500 and $104,000 for over a week. Each attempt to climb past $105,000 fizzles out. Swissblock analysts say no real move will come without a Friday push. That clock ticks louder each day. Santiment analysts noticed something unusual. Retail sentiment turned slightly bearish, but that could be bullish. Markets often rebel against the crowd.

When the majority leans one way, Bitcoin sometimes takes the opposite path. Material Indicators brought the fire extinguisher. They warned of a support test at $100,000 before a breakout. Their FireCharts data shows sell walls forming above $104,000, while buy interest moves lower. If no catalyst arrives, Bitcoin might revisit the $100K zone. A bull trap now lurks in the shadows.

Bulls Eye $110K, Bears Peek at $98K

Despite resistance, technical indicators flash a quiet strength. The 50-day moving average crossed above the 100-day. That’s a Golden Cross. Traders often see this pattern as a long-term bullish sign. Still, the market feels cautious. With $105K unbroken, short squeezes or false breakouts remain a threat. On the daily chart, the Balance of Power reads 0.01. That number reveals neither buyers nor sellers hold control. A strong break above $105,000 could fire Bitcoin toward $108,765.

If momentum builds, $110,000 comes into view. That level could cement a trend continuation and attract sidelined investors. But the downside hides real danger. A clean drop below $100K might open floodgates. Sellers could drive prices to $98,000, where weak hands might panic. Deeper Fibonacci levels point to $84,442 and $73,992 as next strongholds. Those levels feel distant but still relevant if confidence cracks.

In a worst-case storm, bears might even chase $59,003 or $40,609. That path spells macro breakdown—less likely, but not impossible. For now, Bitcoin sits in limbo. Bulls need fuel. Bears need fear. The next few sessions could shape the coming weeks. For now, Bitcoin waits—like a beast in a cage, ready to leap or crash.

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