Bitcoin volatility risks escalate as the cryptocurrency struggles to breach the critical $117,000 resistance threshold. After temporarily surpassing $115,000 in recent trading, the price retreated to approximately $114,000, reflecting persistent selling pressure.
Technical analysis indicates weak support between $113,000 and $108,000, potentially exposing Bitcoin to further downside toward $95,000 if bearish momentum intensifies. The current price pattern shows a Bollinger Band Squeeze, signaling suppressed volatility and heightening risks of a false breakout reversal.
Broader market uncertainty magnifies these technical challenges, with global trade tensions and policy shifts contributing to trader caution. Historically, Bitcoin has repeatedly failed to sustain rallies beyond the $117,000 resistance level, reinforcing its significance as a decisive technical barrier.