Bitcoin News

Story: Bitcoin Rally Nears $105K But Faces Major Resistance

By Julie Binoche

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Bitcoin is once again making headlines as it climbs toward $105,000, riding a wave of bullish sentiment and strong institutional buying.

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Currently trading at $104,231, Bitcoin has seen a steady rise in price over the past month. This rally has been supported by growing accumulation, with investors pulling coins…

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The strong accumulation phase reflects increasing fear of missing out (FOMO) as Bitcoin flirts with record highs.

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However, even as buying accelerates, another important on-chain metric is flashing caution. The Liveliness indicator—a measure of the movement of long-held coins—has seen a…

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When Liveliness increases, it often means that coins previously held dormant are becoming active again, potentially signaling profit-taking by early adopters.

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The technical picture further reinforces this cautious outlook. While Bitcoin has passed several key psychological levels during its climb, the true resistance zone lies at…

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For now, Bitcoin’s all-time high remains at $109,588. But before the market can even attempt to retest that level, the $106,265 resistance must be cleared.

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On the flip side, if Bitcoin manages to break above $106,265 and hold that level, it could reignite strong bullish momentum.

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Ultimately, Bitcoin remains in a critical position. While recent inflows and accumulation patterns paint a picture of strength, the rise in long-term holder activity introduces…

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For investors and traders, the message is clear: watch the $106,265 level closely. How Bitcoin behaves around this resistance zone could define the market’s direction for weeks…

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