Just a week after Bitcoin took a hit and dipped below the much-watched $100,000 mark, the crypto giant has managed to claw its way back—sort of.
The recent bounce sparked hope, with prices briefly pushing toward $108,000.
But now, momentum seems to be stalling again, and analysts are warning that the road ahead might not be so smooth.
Resistance Levels Block Bitcoin’s Climb
According to crypto analyst Helen on TradingView, Bitcoin has run into a tough wall at the $108,200 to $108,800 range.
This resistance zone has become a familiar ceiling that Bitcoin just can’t seem to break through.
Helen points out that this level was a sticking point in the past too.
And just like before, Bitcoin’s attempts to break above it have fizzled out—suggesting that the bears are still holding the upper hand in the market.
Investors Are Cautious—and That Could Spell Trouble
Over the last few days, Bitcoin’s price has settled into a tight range just below that key resistance level.
Some might interpret this as the calm before a breakout. But Helen thinks otherwise.
She believes this sideways movement signals hesitation among investors.
With buyers hesitant to step in and push prices higher, the door is wide open for a potential bearish reversal.
In short, unless something shifts fast, this rally might be short-lived.
The $110,000 Target Remains Elusive
Bitcoin would need to break clearly above that resistance zone and head into the $110,000 territory before we can talk about any serious momentum toward new all-time highs.
Without that move, the risk of a downturn remains very real.
Next Stop Could Be $103,000 If Bears Take Over
If the current stall turns into a retreat, Helen predicts that Bitcoin could fall back toward the next support level—around $103,000.
This drop would line up with a broader corrective trend that has been unfolding since mid-June.
And if this weekend echoes last weekend’s bearish tone, another dip below $100,000 isn’t off the table.
That would represent a 10% crash from current levels, especially with global uncertainties—like the escalating conflict in the Middle East—casting a shadow over the markets.
A Breakout Is Still Possible—But It’s a Big If
Despite the looming pressure, there’s still a chance Bitcoin could mount a breakout.
If buying momentum suddenly kicks in, the bulls might finally manage to break through that $108K barrier and keep climbing.
Currently, Bitcoin is trading just about 5% shy of its all-time high of $111,900.
So while things look shaky now, a strong push could still change the narrative.
Altcoins Remain in the Shadow
While Bitcoin fights its battle at the top, the rest of the crypto market isn’t doing much better.
Altcoins are still stuck in low-price territory, offering little optimism for traders looking for alternative gains.
Final Thoughts
Bitcoin is at a tipping point—either it breaks through resistance and rides momentum higher, or it slides back toward another painful dip.
With so much at stake and global events adding fuel to the volatility, this weekend could be another crucial chapter in crypto’s unpredictable story.