Bitcoin Nears a Make-or-Break Moment
Bitcoin’s price is hovering near a level that could decide its next big move—up or down. Analysts are watching closely, and some think a breakout to new highs might be just around the corner. But it’s not a sure thing.
Michaël van de Poppe, a well-known crypto trader, pointed out that Bitcoin is testing a key resistance zone near $110,500. “This is the area we need to break for real upward momentum,” he said in a post on X earlier this week. If it happens, things could move fast. The last time Bitcoin pushed past $106,500, it shot up to $108,000 almost immediately.
Liquidity Zones and the Pullback That Didn’t Stick
Poppe also noted that Bitcoin recently cleared liquidity around $108,924 but only saw a minor pullback afterward. That’s unusual—normally, you’d expect a bigger correction. Instead, the price has been consolidating above $107,000, which he sees as a bullish sign. If this holds, he thinks Bitcoin could challenge its all-time high in the next few days.
But here’s the thing: markets don’t always do what they’re “supposed” to. Even with the optimism, there’s no guarantee.
Another analyst, Ted Pillows, backed up the idea of a potential breakout. He pointed to liquidity heatmaps showing heavy order activity between $108,000 and $109,000. If Bitcoin can push through that zone, it might trigger a wave of buying, sending prices higher.
Where Bitcoin Stands Right Now
At the time of writing, Bitcoin is trading just above $107,000, with a slight gain over the past day and a 4% rise for the week. Not bad, but not explosive either.
The bullish case is clear: break $110,500, and new highs seem likely. But if Bitcoin can’t hold here, things could turn messy. Key support levels to watch are $105,500 and even below $100,000—areas where buyers have stepped in before.
It’s one of those moments where the charts look promising, but traders know better than to get too comfortable. A lot can change in a few hours. For now, all eyes are on that $110,500 mark. If it breaks, things could get interesting. If not, well, there’s always next week.
(Featured image via Shutterstock)
