Bitcoin recorded a 5% rebound after touching lows around $88.000–$90.000 and traded near $92.600–$102.800, but key technical indicators and immediate resistance levels keep the bullish outlook uncertain. The central question is whether Bitcoin can reclaim and sustain $104.800 and $106.000 to turn the bounce into a reliable trend, with a weekly close above $116.000 framed as decisive for a structural shift.
The recent move is interpreted as a short-term bounce rather than the start of a broad bull market. The first hurdle to overcome is $104.800, a former support that now acts as resistance; breaking and holding above that level is a necessary condition to confirm a short-term recovery.
Immediately after appears the $106.000–$106.400 band, which combines technical and psychological factors and whose breach could define market direction for weeks.
The presence of a death cross adds bearish pressure to the technical outlook. A death cross occurs when the 50-EMA falls below the 200-EMA, a configuration usually read as negative momentum in the medium/long term.
In addition, technical analysis identifies other resistance zones at $106.000–$109.000 and $111.000–$112.000 that could limit further advances. A weekly close above $116.000 is presented as decisive proof for a structural change; only a sustained breakout above $117.000–$120.000 would allow projections toward $125.500 or even $140.000 in optimistic scenarios.
Technical resistances that are holding back Bitcoin
Price dynamics do not depend exclusively on chart levels: traders’ decisions are influenced by macro and market events. The market’s response to geopolitical news, central bank communications and results from large tech companies can alter risk appetite, thereby amplifying Bitcoin’s swings.
Observers note that relevant reports from key technology players can change the willingness to take risk and, consequently, the likelihood that technical resistances will be breached.
For traders and risk managers, the operational message is clear: the bounce offers tactical opportunities but requires validating higher levels before adopting a broader bullish bias; maintaining position management discipline and monitoring weekly closes are recommended measures in a context of high volatility.
The 5% rebound relieved immediate pressure, but the recovery is not confirmed until Bitcoin reclaims and holds $104.800 and $106.000, with a weekly close above $116.000 as the next verifiable milestone signaling a possible structural change.
