Bitcoin’s Key Resistance at $104,600 Could Decide Its Next Big Move 

• Bitcoin’s price must reclaim $104,600 to regain a bullish structure in the short term.  
• Liquidity voids below $102,700 and $95,000 could attract further downside moves.  
• The market’s next trend depends on breaking key levels or filling undertraded zones.  

Bitcoin’s recent price action, as analyzed by RickUntZ, vividly paints a picture of short-term and long-term dynamics. The current trend remains bearish on lower time frames (LTF), with price action aligning closely with liquidity voids. The focal point of the market is the Point of Control (POC), identified at $104,600, which has transitioned into a critical resistance level. 

RickUntZ highlights that rejection at this POC level could result in further downward moves, with liquidity zones poised to be removed. The chart illustrates Bitcoin’s progressive decline from the $108,000–$110,000 range, which the analyst called out earlier. Since then, BTC has dipped consistently, first to $106,300 and now to $104,600. 

What Are Liquidity Voids?

As referenced here, liquidity voids are areas on the chart where price action has moved rapidly with little volume traded, leaving these zones underfilled. These voids often act like magnets, pulling prices toward them to “fill” these inefficiencies. In the present scenario, two distinct liquidity voids stand out—one just below the $102,700 mark and another closer to the $95,000 level. If the bearish momentum sustains, these voids could serve as the next destination for BTC.  

Bitcoin’s trend remains bullish in higher time frames (HTF). However, RickUntZ emphasizes the importance of time in dictating fast moves from here. The market appears to be navigating a critical juncture, where POC resistance and liquidity targets will determine the short-term trajectory. The $104,600 mark now becomes a pivotal level for traders to watch, as reclaiming it could reset the bullish case and stabilize the structure.  

The Road Ahead for BTC  

For now, traders and investors must weigh the odds of further bearish pressure. The price has demonstrated a clear tendency toward liquidity zones, aligning with the broader bearish sentiment on LTFs. However, should BTC convincingly reclaim the $104,600 resistance, a renewed bullish trend could emerge. Until then, caution prevails as the market awaits the next big move.  

RickUntZ’s insights provide a detailed breakdown of the ongoing price action, reminding traders that timing, precision, and strategic backtesting remain the keys to navigating the crypto market.