Bitcoin's price action marked its fourth consecutive day of gains, reaching a 10-day high of $108,400** during the late Asian session on June 26, 2025. Despite a slight pullback to **$107,900 in European trading, BTC remains up 0.35% daily and 6.9% weekly.
Key Highlights:
- 10-day peak achieved amid rising short-term holder (STH) cost basis.
- $100,000 support holds strong, backed by STH realized price alignment.
- Resistance looms at $108,300–$109,000, a historical supply zone intersecting a bearish channel’s top trendline.
Market Dynamics: Support vs. Resistance
$100,000: A Psychological and Technical Stronghold
This week’s rebound from $100,000** underscores its dual role as both a round-number psychological level and a technical support floor. On-chain data reveals the STH realized price—the average cost basis for recent buyers—has steadily risen toward **$100,000, reinforcing this zone’s defensive strength against sell-offs.
👉 Why $100K is critical for Bitcoin’s next move
Confluence Resistance Threatens Rally
The current uptrend faces a critical test at the $108,300–$109,000 supply zone, which previously triggered a mid-June selloff. Compounding the pressure, this zone aligns with the upper boundary of a broader bearish channel. A breakout here could invalidate the bearish structure, while rejection may push BTC toward $106,600 short-term support.
Technical Outlook: Decision Point Ahead
- Bearish Channel Validity: Price nearing the channel’s top suggests imminent volatility.
- Sentiment Indecision: The Bitcoin Fear & Greed Index reflects neutrality, hinting at consolidation between $106,600** and **$109,000 before a decisive move.
- RSI & Volume: While RSI trends bullish, low exchange volumes (e.g., Binance) raise questions about rally sustainability.
FAQ: Bitcoin Price Action
Q: Why is $100,000 a key level for Bitcoin?
A: It combines psychological round-number significance with the rising cost basis of short-term holders, creating a robust support floor.
Q: What happens if BTC breaks above $109,000?
A: A confirmed breakout could signal a trend reversal, targeting higher resistance levels.
Q: How reliable is the current rally given low volume?
A: Low volume often precedes false breakouts. Traders should watch for confirmation via rising volume on upward moves.
Conclusion
Bitcoin’s bounce from $100,000** reflects growing STH confidence, but overcoming the **$108,300–$109,000 resistance is crucial for sustained upside. Traders should monitor:
- Volume trends for breakout validation.
- Reaction at the supply zone for directional cues.
👉 Track Bitcoin’s real-time resistance levels
Disclaimer: This content is for informational purposes only and does not constitute investment advice.
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