Bitcoin is currently testing resistance levels near $109,000 amid weakening momentum and subdued trading volumes, with the $100,000 threshold emerging as critical long-term support.
Technical indicators present conflicting signals, with the Relative Strength Index (RSI) failing to provide clear directional bias. This uncertainty elevates the importance of major support levels including the 50-day moving average near $102,000 and the 200-day moving average around $95,000 for maintaining Bitcoin’s bullish framework.
Key resistance looms between $109,000 and $111,000 – a decisive breakthrough could initiate rallies toward $115,000 or even $120,000. However, persistently low trading volumes warrant investor caution regarding upside potential.
Market sentiment remains contingent on Bitcoin’s ability to defend the $100,000 support zone. A confirmed break below this psychological barrier could trigger intensified selling pressure, accelerating downside momentum.