After a shaky end to last week, Bitcoin has bounced back impressively over the weekend.
The cryptocurrency dipped close to $101,000 but quickly regained momentum, now pushing toward the $110,000 mark.
With BTC closing in on about $106,000, many are asking — what’s the next big hurdle on its climb back to all-time highs?
Key Resistance Levels to Watch Above $106,000
On social media platform X, on-chain expert Burak Kesmeci shared some insights that shed light on Bitcoin’s upcoming challenges.
He focused on the behavior of a specific group of investors called short-term holders (STH).
These traders are known for reacting quickly to price swings, often buying and selling within a matter of weeks.
Kesmeci highlighted three important price levels where these short-term holders have bought Bitcoin, based on how long they’ve held their coins.
These are investors who bought within the last week to four weeks (around $106,200), those who bought one to three months ago (about $87,300), and those who bought three to six months ago (near $97,500).
Why $106,200 Could Become a Tough Wall
According to Kesmeci, the $106,200 level is crucial because many short-term holders bought Bitcoin in that price range.
If the price approaches this level, investors who are currently at a loss might decide to sell to break even.
This selling pressure could create a resistance wall, making it harder for Bitcoin to move higher.
On the other hand, the $97,500 price area might act as a safety net.
Investors holding coins for three to six months could see this as a good point to defend their positions, potentially providing support if the price drops.
What Happens If Bitcoin Clears This Resistance?
If Bitcoin manages to break past the $106,200 resistance, it could open the door for a run at its previous all-time high of nearly $112,000.
This would be a major milestone, signaling strong confidence among investors and potentially sparking further buying.
Current Price Snapshot and Market Movement
Right now, Bitcoin is trading around $105,700, up roughly 1.3% over the last day.
Looking at the weekly chart, BTC has gained a little over 1% in the past seven days, showing steady growth despite recent volatility.
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