Bitcoin’s $110K Resistance: Can Bulls Trigger a Breakout Beyond This Ceiling?

Bitcoin is coiling tightly below $110K after a series of rejections, and the buyers are maintaining the $106K support in a constricting price range.

A confirmed daily close above $110K would turn resistance into a level of support, opening the door to a rapid advance to $135K and higher.

Fibonacci levels of $135K–$159K are in line with bullish setups as Bitcoin is trading in a channel pattern akin to its March breakout.

Bitcoin is grudgingly holding below the crucial $110,000 resistance level after a series of attempts to overcome it. While price structure is bullish in orientation, verification is still pending as buyers anticipate firm action above this critical zone.

Price Compression Builds Between $106K and $110K

Bitcoin has continued to consolidate between $106,000-$110,000, a relatively narrow range that has held for over a month. Altcoins have now decreased anywhere from 10% to 50% in this period, mirroring Bitcoin's relative strength. The structure suggests the building of pressure that may soon resolve in high volatility.

The analyst Daan Crypto Trades points out that Bitcoin twice failed to close above the $110,000 level over the past few months. Both breakout attempts reversed sharply, building a double-top-like resistance zone of $110,500 to $111,000. These sorts of rejections strengthen strong sell pressure and the level's significance as a structural ceiling.

However, Bitcoin has continued to make higher lows since its recent correction, which means short-term bull resilience persists. Continual buying is coming in at levels $104,000 to $106,000, sustained market structure. However, Bitcoin has not yet printed a weekly close or more than two consecutive daily candles above resistance.

Traders are now closely watching for a clean daily close above $110,000. This would invalidate the double-top structure and open the door for a broader breakout. Will Bitcoin finally flip this resistance into support, or is another rejection brewing near-term? Until then, price action remains coiled, with tension rising.

Fibonacci Targets Point to $135K–$159K on Breakout

Bitcoin is also trading inside a descending channel pattern, resembling the one that preceded the March rally. This corrective structure spans from $92,500 to $110,500 and reflects a healthy consolidation after the previous bullish leg. The setup builds a case for a potential W-shaped breakout.

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Fibonacci extensions align with bullish projections. The 1.0 level stands at $135,879, the 1.272 at $146,121, and the 1.618 at $159,149. These levels are acting as possible targets if Bitcoin breaks above the channel and clears the $110,500 resistance.

Momentum has shifted in favor of bulls, with new buyers stepping in while earlier sellers rotate out. Historical patterns support the idea that once the resistance breaks, the price may accelerate quickly. Could this compression be the calm before another impulsive rally toward $135,000 and beyond? Bitcoin remains technically bullish in structure. A breakout would reaffirm this and may trigger the next parabolic move. Until then, the cryptocurrency trades at a critical inflection point.

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