Bitcoin Holds $105K as Bulls Watch $112K Breakout for Next Significant Rally
Bitcoin consolidates between $100K–$112K as traders watch for a breakout above historic resistance heading into Q3. Support at $96K holds firm while RSI and volume trends suggest a tightening wedge and possible bullish continuation. Cycle patterns and liquidity flows hint at a directional move soon, with $112K as the pivot and $124K as the target advantage. Bitcoin is trading near $105,000 as bullish structures form between established support and historic resistance. Analysts highlight emerging pressure zones likely to determine direction heading into Q3 2025.
Rally Cools After May Surge
Bitcoin bulls remain in control despite a slight drop from recent highs. Price action has stabilized above $100,000, creating a potential launchpad. Market activity suggests this might be a pre-breakout zone. After a sharp May breakout, Bitcoin entered a tightening range, now consolidating between $100,000 and $112,000. This corridor has shown strong historical significance, with price clustering around $100,000. The $96,000 floor acts as primary support, while overhead resistance near $112,000 holds firm.
Technical Setup Flags Key Pivot Levels
A growing number of market watchers view $112,000 as the breakout trigger. Liquidity metrics indicate a determined accumulation phase. Current RSI behavior remains balanced, favoring breakout potential. Price structure suggests a classic consolidation wedge forming across multiple timeframes. Despite structural strength, past breakdown zones are areas of concern. Traders are on alert, aware of headwinds tied to macro and on-chain flows. The 4-year Bitcoin cycle continues to be a primary compass for investor behavior, with late 2025 seen as the likely cycle peak window.
Booming Market Sentiment Expands
Momentum is shifting across low caps, with Bitcoin leading the charge. Technical patterns support a bullish extension scenario. Commentary on social platforms reveals a mix of caution and growing interest. For now, positioning remains determined as Bitcoin tests historical resistance.
The article ‘Bitcoin Holds $105K as Bulls Watch $112K Breakout for Next Major Rally’ appears on Crypto Front News. Visit our website for more insightful posts about cryptocurrency, blockchain technology, and digital assets.
