- Bitcoin rebounded from sub-$100K, now trading at $105,478 after clearing the key $103K resistance.
- $103K is now viewed as a primary accumulation zone; $100K remains a secondary support level.
- Volume surged during the breakout, confirming strength as BTC targets resistance at $105,927.
Bitcoin has staged a recovery following a sharp liquidation-driven sell-off that briefly drove its price below the $100,000 mark. The rebound has now pushed BTC past critical technical zones, with the latest data showing the asset trading at $105,478 up 3.9% over the past 24 hours. This recent uptrend follows a substantial drop in mid-June, which created a new liquidity pocket and wiped out long positions before the price rebounded with strong momentum.
Price Clears $103K as Resistance Becomes Support
After breaching the $103,000 threshold, Bitcoin continued its upward move and is now approaching the resistance zone around $105,927. This resistance range is significant as previous price action stalled here before experiencing downward pressure. The price currently sits just below this area, which remains a short-term barrier for further upward continuation.
However, traders are closely watching the $103,000 level as a new potential support zone. If the market experiences a retracement, this area is expected to act as a dip-buying opportunity. On previous occasions, similar setups have triggered upside accelerations once price reclaimed and held this region.
Dip Zones Identified Around Key Liquidity Areas
According to Technical analyst CryptoMichNL, he highlights two potential zones for accumulation. The primary area of interest lies slightly above $103,000, where previous liquidity was taken during the June crash. This level has since flipped into a region where market participants may look to initiate or re-enter long positions.
A secondary accumulation zone has been marked just below $100,000. This area includes the recent low of $100,177, which now acts as a key structural support. According to chart data, this zone held significant volume and may serve as a fallback if the price revisits those levels.
Momentum Builds as Volume Confirms Breakout Effort
Supporting the current move is a notable increase in trading volume. As Bitcoin pushed above $103,000, the volume profile revealed a shift in market interest, confirming breakout strength. RSI levels remain stable, indicating controlled momentum without extreme overbought conditions.
Despite recent volatility, the market structure now shows higher lows forming after the liquidation. The $108,924 zone remains a critical level to clear for upward acceleration. Until then, traders are likely to monitor current support and resistance levels while watching for volume confirmation on any retests.
