Bitcoin Price Analysis: Key Levels to Watch Amid Market Uncertainty

• Bitcoin’s key support is at $95.2K–$96.2K, with resistance at $102.5K–$105K—breakout or pullback will shape the next trend.
• A move above $105K could fuel bullish momentum toward $125K, but rejection may lead to a dip toward $80K before recovery.
• Traders should watch for a $95.2K sweep or higher low at $95.8K–$96.2K for long entries, with a $102.5K resistance key for direction.

The volatile trading range of BTC is defined by critical resistance and support levels giving shape to market sentiments. As pointed out by CJ, a crypto analyst, critical price zones look to be defining areas on BTC, which will figure out what direction the coin takes going forward. At present, price action shows a consolidation phase although a breakout is looming ahead.

BTC’s Current Market Structure

Bitcoin is trading near $96,905, facing resistance at $98,119 while maintaining support around $95,620. CJ notes that the market remains choppy, but recent movements suggest more productive price action. He has been long since $95.4K, securing profits near $98.1K. His focus remains on price reactions within key levels.

CJ identifies a local range, with downside interest at $95.8K–$96.2K. Additionally, a deeper pullback to $95.2K remains a possibility. If BTC establishes a higher low in this region, an upward move toward $102.5K seems likely. Furthermore, a sweep of the local range low at $95.2K could serve as an optimal entry point for long positions.

Upside Potential and Resistance Zones

The key upside target remains at $102.5K, aligning with a fresh supply zone and an imbalance near $105K. Consequently, this range serves as a resistance area. If BTC breaks above $105K, bullish momentum could push prices towards $125K. However, CJ remains cautious, suggesting this level could initially cap price growth.

Moreover, should BTC fail to hold support and rejection occurs at resistance, a decline into the $80K region remains possible. However, such a drop would likely be a final flush before the next leg up. The market’s direction will ultimately depend on how the price reacts to these critical levels.

Market Implications and Strategy

CJ emphasizes a level-to-level approach. His invalidation for longs is set at the midweek sweep low, ensuring controlled risk exposure. He suggests traders watch for a sweep of $95.2K or a local higher low at $95.8K–$96.2K before entering fresh long positions. The major resistance zone at $102.5K–$105K will determine BTC’s next move.

With liquidity pockets influencing price movements, Bitcoin’s next trend shift could happen soon. Traders should monitor price action closely, as the market prepares for its next significant move.