Bitcoin (BTC) Continues to Trade Near Key Resistance as Market Anticipates a Potential Breakout

Crypto strategist Crypto Patel suggested that Bitcoin's bullish order block and filled fair value gap form a strong demand zone. He emphasized that if Bitcoin closes any high-timeframe candle above $110700, the market may continue climbing without further pullbacks.

Bitcoin price dropped slightly on Monday, remaining in the key resistance zone that may determine the next major move. BTC/USD is set to test critical levels as traders anticipate potential breakout.

BTC Price Recclaims Important Levels and Taps Bearish Order Block

Crypto strategist Crypto Patel noted that Bitcoin’s bullish order block and filled fair value gap form a strong demand zone. He added that if Bitcoin closes any high-timeframe candle above $110,700, the market may continue incrementing without further pullbacks.

"If BTC/USDT closes any HTF candle above $110,700, then we can continue to see the market pull back further."

The area near $110,700 has remained untouched since the May 27 swing high. According to analyst Zen from WiseAnalyze, this level contains high liquidity from stop-loss orders and buy stops. He noted that this zone is likely to be tested again, as buyers and sellers converge near resistance.

"The May 27th swing high at $110,700 was not breached during the recent bullish impulse, indicating substantial liquidity at this level from both stop-loss orders and stop-market buys. This suggests a nearly certain retest of this level in the future. The critical zone is at $108,400–$110,700, where buyers and sellers converge near resistance."

Zen also referenced a rising wedge pattern visible on higher timeframes, which may guide the next move.

"The current three-day candle looks bullish, and if the next candle closes positively, BTC may have the strength to challenge the all-time high. However, rejection at resistance would likely push the price down toward the wedge’s lower support."

Bitcoin Price and Volume Trends Signal Caution

At the time of writing, CoinGecko showed Bitcoin trading at $109,780. BTC posted a 0.55% gain in the last 24 hours and a 4.56% rise over the past week. However, daily trading volume dropped by over 15%, reflecting a decline in market participation.

The liquidation heatmap, according to Zen, indicates potential short-term volatility, with clusters of liquidation points above and below current levels. Areas of interest include $110,730 and $111,200 above and $108,133 and $106,640 below.

Analyst Javier Santini shared a historical cycle analysis pointing to October 13, 2025, as the next potential bull market peak. His model projects a BTC price of $275,000 at the top, based on previous halving cycles and macro patterns. The chart also forecasts the bear market ending one year later, in October 2026.

This long-term view contrasts with earlier predictions that Bitcoin would peak in 2024. While short-term volatility remains, many traders are watching $110,700 as the next major decision point. A higher-timeframe close above this level could signal the start of a sustained rally.reverse