Bitcoin (BTC) Price Prediction: Bulls Eye Break Above $106K as Sellers Hold Line

Bitcoin is currently trading close to the resistance level at $106,000 after showing renewed momentum on lower timeframes. As highlighted in our previous analysis, Bitcoin lost this key support level and dropped to test the $100,000 zone, which acted as a major demand area as anticipated. The price managed to hold above this region despite sellers trying to push it lower. After the retest, buyers have gradually regained some strength, and the price is once again attempting to break through the $106,000 level. However, the broader market trend still leans bearish, suggesting that Bitcoin could consolidate around this range before deciding its next direction. Lets take a quick look at the latest BTC charts to see what to expect in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin is struggling to break above $106,000 while holding key support around $100,000.
• Bullish divergence on lower timeframes hints at short-term consolidation or a minor rebound.
• The broader trend stays bearish, with a possible retest of sub-$100,000 levels in the coming weeks.

Analyzing the Charts

Price Movement on the 4-Hour Chart

Looking at the latest 4-hour chart for Bitcoin, the first noticeable move is the sharp drop that followed after the loss of support at $106,000. However, the price found strong support around $100,000, as shown by two clear bounces from this region. The second bounce provided enough momentum to push Bitcoin back toward the $106,000 level, where it is currently attempting to break above resistance. The chart also shows a developing bullish divergence, which suggests that Bitcoin could consolidate around the current range or make another upward move to test the next resistance near the $112,000 zone.

Short-Term Outlook from the Daily Chart

Switching to the 1-day timeframe, the setup appears quite similar. Bitcoin is currently attempting to break above the $106,000 level, and if it succeeds, a short-term push from buyers could follow before sellers step back in. In that case, a rejection from the $107,000 to $109,000 range would be likely, which could trigger another move downward. If that happens, Bitcoin may resume its broader downtrend and retest the $100,000 support once again.

Broader Trend from the Weekly Chart

Lastly, the weekly timeframe continues to highlight the bearish divergence that has been developing for some time. This pattern suggests that the broader trend for Bitcoin remains bearish and that the price could retest levels below $100,000 in the coming weeks or even months. Based on the current structure, our short-term Bitcoin price prediction remains neutral, while the mid to long-term outlook still favors a potential correction.

Final Takeaway: What is Next for Bitcoin?

Bitcoin continues to face strong resistance around the $106,000 level while holding crucial support near $100,000. Lower timeframes show short-term momentum from buyers, but the overall structure remains fragile under broader bearish pressure. The developing bullish divergence hints at possible short-term consolidation or a minor push toward higher resistance levels, yet major indicators still signal weakness on higher timeframes. For now, the Bitcoin price prediction suggests that BTC may range between $100,000 and $106,000 before deciding its next major move.