Bitcoin Bounce Alert: Holding the $100K Fortress!

📉 Market Context & Technical Levels
Key support at ~$100K: As the chart shows and multiple analysts confirm, this level continues to act as a strong defence zone. Cointelegraph noted bulls have been “defending the $100K key support level strongly,” triggering bounces during dips


Descending channel overhead: Bitcoin has retraced into a downward channel. A clean breakout above ~107K–109K (past recent peaks) is needed to signal a bullish shift .

Liquidity target at ~106K: Plenty of orders await in that region—flipping it to support may pave the way for another push higher .

📊 Indicators & Momentum
RSI dip near 25 during the latest drop indicates oversold conditions—often a precursor to rebounds

.

Volume surge on rebounds suggests absorbing sell pressure and strong accumulation interest at lower levels.

🚩 Key Price Zones to Watch
Level Significance
$100K Crucial support; losing it risks a slide toward $95K–97K or even $92K


.
$105K–106K Liquidity zone; flipping here as support could confirm upward momentum .
$107K–109K Resistance from channel tops and prior highs; a successful break is key to next leg up .
$112K–$112K+ If breakout occurs, upside targets extend toward prior ATH near $112K and beyond .

🎯 Chart Analysis Summary
Your chart shows three distinct bounces from the $100K–100.7K supply zone (highlighted in blue) and the latest one includes a sharp wick and rebound. This aligns with broader market dynamics emphasizing support at $100K and building liquidity at $106K. The arrow projection signals a probable retest of ~106K, with room to challenge ~107–109K after consolidation.

🧭 Trade Outlook
Bullish scenario: Hold above $100K → reclaim $106K → trendline breakout → potential rally to $112K+.

Bearish risk: Fails support at $100K → breakdown toward $95K–92K region.

📌 Bottom Line
Support $100K is alive and well. Bounces have been crisp and volume-backed.

Next test lies at $105–106K. That’s the battleground—flip it, and we may see bitcoin reclaim recent highs.

Watch the channel overhead (~107K–109K). A breakout could open the door to fresh records.

✅ Conclusion: BTC is defending its psychological base firmly. If this zone holds once more, the path to $106K and beyond is in focus. Breaking above demands conviction, but it’s the pivot to watch.