Bitcoin Price: Resistance at $108K and Market Trends

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by Giorgi Kostiuk

a year ago

Bitcoin's price is facing consistent resistance at $108,000. This article explores the factors influencing its movement and the market outlook.

Technical Factors of Pressure

Bitcoin's price continues to form a downward trend after breaking out of a rising wedge pattern created in late May 2025. The negative sentiment is supported by the falling Relative Strength Index (RSI) and the MACD line crossing below the zero mark. A retest of the support level above $92,000 is anticipated in the coming weeks.

Impact of Short Liquidation

Bitcoin is also facing intensified bearish sentiment due to short liquidations amounting to approximately $12 billion around $112,000. More institutional investors are attempting to suppress Bitcoin's price through futures and leveraged markets to accumulate as many coins as possible before the anticipated parabolic rally.

Conclusion and Outlook

Under current conditions, the Bitcoin market faces pressure from both technical factors and institutional investor actions. The future direction of Bitcoin will hinge on the market's recovery abilities and the expected rally.

Given the formation of a downward trend and the active actions of institutional investors, the future of Bitcoin's price remains uncertain. Trading opportunities and the strategies of market participants will play a key role in the coming weeks.

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