Bitcoin is nearing a major technical decision point, with price consolidating just below the $108,900 resistance zone. Analysts view this level as pivotal—one that could either unlock a fresh breakout or trigger a short-term retracement.

Resistance Aligns With Multi-Timeframe Confluence

BTC’s current range coincides with several key metrics: the value area high, a prior swing high, the 0.618 Fibonacci retracement, and a high-timeframe horizontal level—all centered around $108,900. Historically, this area has acted as a firm ceiling for upward momentum.

A confirmed 4H or daily candle close above $108,900—backed by strong volume—would signal breakout conditions and open the path toward new all-time highs. Failure to do so could see Bitcoin revert toward support zones at $104,000 or lower, particularly if volume thins.

Liquidity Sweep Risk Adds Volatility

Bitcoin has a track record of sweeping weekend liquidity zones before major directional moves. This behavior aligns with the current market setup, where weekend lows cluster near the 0.618 retracement and the value area low.

If resistance holds, a liquidity sweep could play out before the next leg higher. Support around $104,000 includes the point of control and high-volume node from recent consolidation—making it the primary downside target in case of rejection.

What happens at $108,900 will likely determine the short-term trajectory. A breakout may initiate price discovery above previous highs, while a rejection could trap late longs and reset the trend. Traders are watching this inflection point closely, as it may define Bitcoin’s next major move heading into July.

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