Bitcoin Technical Analysis and Prediction
Recently, Bitcoin (BTC) gave a strong rally and touched a new all-time high of $126,000 — exactly near the target of $125,000 shared earlier before the breakout. After achieving this milestone, Bitcoin has now entered a Supply Zone range this week, showing signs of consolidation.
In this Bitcoin chart analysis, we will focus only on Support and Resistance levels, as they are the most reliable technical tools for identifying trend reversals, breakouts, and corrections. Understanding these levels helps swing traders and investors to make better trading decisions with clear entry and exit zones.
Current Bitcoin Price Overview
At present, Bitcoin is trading around $108,000, showing sideways movement after a strong bullish trend. The chart structure clearly indicates that BTC is currently facing selling pressure near $111,500, which is acting as a major resistance zone.
If Bitcoin fails to break above this supply zone, there are high chances that the price may retest the recent support level near $99,700.
- For intraday or short-term traders, the first support lies near $103,500.
- For positional or swing traders, the broader support zone is between $100,000–$99,500.
A sustained breakdown below these zones could push Bitcoin further down toward the next demand area, whereas a successful breakout above $111,500 might trigger a fresh bullish rally toward higher resistance levels.
Bitcoin Important Support & Resistance Levels
TYPE | Price Level (USD) | Zone Name / Remark |
Resistance 1 | 110,500 – 111,500 | Immediate Resistance Zone (Price Facing Rejection) |
Resistance 2 | 1165,00 | First Upside Target & Resistance |
Resistance 3 | 125,000 | Second Target After Successful Breakout / Strong Resistance |
Current Price | 107,000 | Testing Support Region – Price Consolidating |
Short-Term Target (Downside) | 105,000 | Extension of Support – First Downside Target |
Short-Term Downside Target | 103,500 | First Downside Target for Short-Term Traders |
Support 1 | 99,700 – 98,600 | Latest Support Zone – Buyers May Step In |
Support 2 | 90,703 – 89,000 | Demand Zone / Support 2 (Next Strong Buy Area) |
What to Watch in the Current BTC Price Action
- If Bitcoin holds above $111,500, buyers could push the price toward $116,000 in the short term.
- If BTC breaks below $107,000, the price may retest $103,500 support.
- A strong breakout above $116,500 could confirm the start of a new bullish rally, possibly taking BTC back toward $120,000–$125,000 levels.
Bitcoin Chart Pattern Outlook
Currently, Bitcoin is trading in a range-bound structure between strong support and resistance zones. This range acts as a “battle zone” — where buyers are active near the support areas, while sellers dominate around the resistance levels.
For traders, this scenario provides clear opportunities for swing trades if proper confirmation is followed. Two possible outcomes can be seen from the current chart setup:
1️⃣ Bullish Breakout Scenario:
If BTC breaks and closes above $116,500 with strong trading volume, it can trigger a new rally toward $120,000 and $125,000. This will confirm that buyers have regained control and could lead to a short-term bullish trend continuation.
2️⃣ Bearish Breakdown Scenario:
If Bitcoin closes below $107,000, it could signal a short-term correction. The price may then test $105,000 or even $103,500. Such a breakdown would confirm that sellers have the upper hand in the short term, and traders should remain cautious.
This price action-based approach provides swing traders with clear entry and exit points using only chart-based logic, without relying on lagging indicators.
Expert Opinion: Bitcoin, Equity, and Gold Market Relation
If the U.S. and Indian equity markets start showing strong upside movement, Bitcoin may experience sideways to downside price action in the coming week.
This behavior occurs because, during bullish stock market phases, investors often shift their capital from crypto assets to equities for short-term profits.
At the same time, gold is already trading at an all-time high, so a small short-term correction in gold prices is also expected.
According to Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, Bitcoin and Gold are the real forms of money — not the U.S. dollar. His belief is based on the limited supply of both Bitcoin and gold, which preserves their value over time. In contrast, the dollar supply is unlimited, as it can be printed by governments, leading to long-term depreciation in its value.
Therefore, while short-term corrections in BTC and gold are possible, their long-term value remains strong due to scarcity and global acceptance as stores of value.
For now, traders should practice patience and discipline — wait for a confirmed breakout or breakdown before taking any fresh position in Bitcoin.
Remark
Bitcoin’s chart is currently at a decisive stage. The battle between support at $108,000–$110,000 and resistance at $113,000–$115,000 will determine the next major move.
For short-term traders, staying alert is essential — enter trades only after confirmation and always use strict stop-loss levels.
Keep your stop-loss below support zones and book profits near resistance levels.
For long-term investors, the ongoing range formation could offer a great accumulation opportunity if prices sustain above $100,000.
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❓FAQ
Q1: What does support mean in Bitcoin chart analysis?
Support is a price level where buying pressure increases, preventing Bitcoin from falling further. It acts as a floor for the price.
Q2: What does resistance mean in Bitcoin chart analysis?
Resistance is a level where selling pressure builds up, preventing Bitcoin from moving higher. It acts as a ceiling for the price.
Q3: Why are support and resistance levels important in Bitcoin trading?
Support and resistance levels help traders to identify entry and exit zones, manage risk effectively, and understand market psychology without relying on complex indicators.
