Bitcoin Price Stalls Below $107K as Resistance Holds Strong
The post Bitcoin Price Stalls Below $107K as Resistance Holds Strong appeared on BitcoinEthereumNews.com. After briefly retesting $107,500, the Bitcoin price today is back under pressure near $106,970 as bulls struggle to maintain momentum. A lack of follow-through above the key Fibonacci zone and continued resistance near $108,000 has capped upside attempts. The structure remains bullish overall, but signals of exhaustion are building. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The daily chart shows Bitcoin price consolidating below the $108,000–$110,500 resistance band, which aligns with the 0.786 and 1.0 Fibonacci retracement levels. Price is still above the 0.618 Fib support at $105,889, keeping BTC in a neutral-to-bullish posture for now. BTC price dynamics (Source: TradingView) BTC remains above the Bull Market Support Band ($94,993–$97,388), with trend bias still favoring buyers in the broader outlook. However, momentum has slowed sharply over the past five sessions, and recent candles show small bodies and long upper wicks—indicating weakening bullish intent. BTC Liquidation chart (Source: Coinglass) The liquidation chart shows over $9.6M in long positions wiped on July 1, with shorts reentering across exchanges. This imbalance hints at increased caution among bulls heading into a new session. Why Is the Bitcoin Price Going Down Today? BTC price dynamics (Source: TradingView) A mix of indicator rejection and liquidity dynamics explains why Bitcoin price going down today. The 4-hour chart reflects a key rejection from the $107,500–$108,400 resistance range, which includes the upper Bollinger Band and EMA 20–50 cluster. The failure to break above this area has allowed bears to regain temporary control. BTC price dynamics (Source: TradingView) The Supertrend indicator flipped bearish on the 4-hour chart at $106,450, just as the Parabolic SAR dots reappeared above price. This confluence suggests growing downside pressure. BTC price dynamics (Source: TradingView) Meanwhile, the 30-minute Ichimoku Cloud shows BTC trading below the Tenkan and Kijun lines, inside the cloud—a classic…
The post Bitcoin Price Stalls Below $107K as Resistance Holds Strong appeared on BitcoinEthereumNews.com.
After briefly retesting $107,500, the Bitcoin price today is back under pressure near $106,970 as bulls struggle to maintain momentum. A lack of follow-through above the key Fibonacci zone and continued resistance near $108,000 has capped upside attempts. The structure remains bullish overall, but signals of exhaustion are building. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The daily chart shows Bitcoin price consolidating below the $108,000–$110,500 resistance band, which aligns with the 0.786 and 1.0 Fibonacci retracement levels. Price is still above the 0.618 Fib support at $105,889, keeping BTC in a neutral-to-bullish posture for now. BTC price dynamics (Source: TradingView) BTC remains above the Bull Market Support Band ($94,993–$97,388), with trend bias still favoring buyers in the broader outlook. However, momentum has slowed sharply over the past five sessions, and recent candles show small bodies and long upper wicks—indicating weakening bullish intent. BTC Liquidation chart (Source: Coinglass) The liquidation chart shows over $9.6M in long positions wiped on July 1, with shorts reentering across exchanges. This imbalance hints at increased caution among bulls heading into a new session. Why Is the Bitcoin Price Going Down Today? BTC price dynamics (Source: TradingView) A mix of indicator rejection and liquidity dynamics explains why Bitcoin price going down today. The 4-hour chart reflects a key rejection from the $107,500–$108,400 resistance range, which includes the upper Bollinger Band and EMA 20–50 cluster. The failure to break above this area has allowed bears to regain temporary control. BTC price dynamics (Source: TradingView) The Supertrend indicator flipped bearish on the 4-hour chart at $106,450, just as the Parabolic SAR dots reappeared above price. This confluence suggests growing downside pressure. BTC price dynamics (Source: TradingView) Meanwhile, the 30-minute Ichimoku Cloud shows BTC trading below the Tenkan and Kijun lines, inside the cloud—a classic…
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