Bitcoin (BTC) has surged 10% over the past week to reach a crucial resistance level at $105,500, setting up a potential springboard for a new all-time high (ATH). This price action follows record-breaking ETF inflows that recently hit $381M, suggesting growing institutional confidence in the cryptocurrency.
Bitcoin’s Critical Price Level Analysis
The flagship cryptocurrency recently breached the psychological $100,000 barrier for the first time since February, marking a significant milestone in its 2025 bull run. Technical analyst Rekt Capital has identified the $104,500 level as a key resistance zone that could determine BTC’s next major move.
SPONSORED
Trade Bitcoin with up to 100x leverage and maximize your profit potential
Technical Outlook and Price Targets
According to Rekt Capital’s analysis, Bitcoin needs to achieve and hold several key levels for continued upward momentum:
- Current resistance: $104,500
- Critical support: $93,500
- Secondary resistance: $98,500
- Target range: $98,500-$104,500
Market Scenarios and Next Steps
Two potential scenarios are emerging for Bitcoin’s next move:
- Bullish Scenario: A daily close above $104,500 followed by support confirmation could trigger the next leg up
- Consolidation Scenario: A rejection at current levels could lead to a retest of the $97,000-$99,000 range
FAQ Section
What is the next major resistance for Bitcoin?
The immediate major resistance lies at $104,500, with the next significant level at $110,000.
Could Bitcoin reach a new ATH in 2025?
Technical indicators and current market momentum suggest a new ATH is possible if Bitcoin maintains support above $98,500.
What factors are driving Bitcoin’s current rally?
The rally is supported by strong ETF inflows, institutional adoption, and positive technical indicators showing continued accumulation phases.
