Bitcoin's Modest Rebound Faces Key Resistance Challenges

According to Cointelegraph, Bitcoin (BTC) experienced a slight recovery as it closed the week above $111,000, signaling potential positive momentum. However, traders remain cautious due to significant resistance levels that could hinder further gains. The BTC/USD pair saw a 1% increase, reaching a local high of $111,369, following a dip influenced by U.S. macroeconomic data. Despite this, bulls managed to maintain support at $110,000, which crypto analyst Michaël van de Poppe described as "promising." He noted that establishing a new higher low and holding the $110K support could pave the way for a bullish run if the price surpasses $112K. Market sentiment remains divided regarding Bitcoin's short-term trajectory. Trader Cipher X highlighted the importance of reclaiming the $112,000 level, warning that failure to do so might lead to a decline towards $108,000. Meanwhile, Crypto Tony emphasized the critical nature of the $113,000 mark, suggesting that surpassing it could lead to new highs, whereas rejection might result in a drop to $100,000. TurboBullCapital pointed out the significance of the 50-day and 200-day simple moving averages, located at $115,035 and $101,760, respectively, as crucial levels to monitor. Losing the $107,000 area could target the $101,000 level, aligning with the 200-day moving average, which is considered a logical bounce zone. In a broader context, Cointelegraph reported on a theory involving market makers on exchange order books, suggesting potential manipulation against short sellers and bears. This could precede a significant short squeeze event, propelling the market to new all-time highs, reminiscent of late 2024 price movements. Fibonacci retracement levels indicate a possible maximum drop of 10%, based on historical patterns since the previous year. Trader ZYN noted that Bitcoin typically bottoms at the 0.382 Fibonacci level, which occurred in Q3 2024 and Q2 2025, and is likely to happen again. Currently, this level is around $100,000, implying a worst-case scenario of a 10% decline before a potential 50% rally above $150,000. Readers are reminded that this article does not offer investment advice, and all trading decisions should be made based on individual research and risk assessment.