Bitcoin Stuck At $105,000: What Does Technical Analysis Say?
Posted On June 4, 2025
Bitcoin (CRYPTO: BTC) continues to hover near key resistance, with traders closely watching support levels to avoid a deeper summer correction.
What Happened: In an update in his exclusive Patreon group, prominent analyst Kevin highlighted that BTC has once again failed to break above the $106,800 resistance, a level that aligns with the macro 1.703 Fibonacci extension.
After a 50% rally from cycle lows without a significant pullback, rejection at this level was anticipated.
Kevin pointed to recent golden crosses on both the daily and weekly timeframes (50/200 SMA and 21 EMA/20 SMA), typically followed by 7–10% …
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