Bitcoin approaches resistance... what are your thoughts?

So, what’s everyone thinking? I’ve been checking out some news on bitcoin and it’s all about how it’s getting close to the $110k resistance level. There’s tons of speculation on whether it can break through that point. I reckon investors are all over the place here. Some folks might be saying bitcoin won’t hit $110k this month or even next, while others are hyped and think it could zoom up to $125k soon. Just curious what the vibe is among bitcoin enthusiasts right now. As for me, I’m really trying not to get caught up in the hype and fear of missing out. Staying objective is key. I believe bitcoin will eventually bring me good returns, but I've got to be smart with my cash. I’m not rolling in money to invest in bitcoins left and right, especially at these high prices.

We may only needed a major even or any economic development to help overcome the market sentiment, so that the resistance could be lifted and we may have a break out and not a fake out, once this is achieved, we are going to make a new all time high, if you can also check well, we have been having a consistent supporting level and only for the market to overcome its resistance to all time high, while still on this, we don't know if it may be coming in this faster or later before the Q3 or Q4 of this year 2025 elapsed. Maybe lets say they are being perplexed, because we cant accurate predict what may happen anytime form now, but a little more speculation on the chart will give more direction on what to expect from the market in subsequent time.

Everyone is entitled to their own predictions. Bitcoin price might surpass $110k resistance depending on how positive the global economic outlook turns out. It is important not to be moved by FOMO because the Bitcoin market is unpredictable. Just follow your long-term plans and avoid making hasty decisions. You don't need to be a millionaire to buy Bitcoin since you can always buy a unit. DCA strategy is ideal for low-income earners to buy Bitcoin.

If you are asking for my feelings, then I am ready for the retest on $111k because that is the major resistance level. If the price fails to break that zone, then possibly there's an upcoming bearish trend. I am ready to sell at around that zone; I just don't want to miss the opportunity to see it at a high price. However, if I sold it and then the price structure suddenly changed and broke the $111k zone and reached $113k, I am going to wait for a pullback to re-enter again at around $111k, depending on Fibonacci or retracement level. There's no problem selling holdings at resistance or near resistance level since you're able to re-enter again if the price structure is still in an uptrend. For me, I am going to analyze the RSI for that for divergence and weakness of the buying pressure. If it's confirmed divergence and weakness of buying pressure plus a breakout on previous support, then I am going to sell because it's a sign that there's an upcoming bearish trend.

Just focus with your goal and objective. What's the objective all about? keep holding? selling at some point for this year before the bull run ends or keep yourself in accumulation. Everyone has to determine the point of their goals and objectives because we have some idea on how this bull run will end anytime soon. That's why if you or someone plans to sell anything now. Make sure that you're at best shape when you're about to do it and no regrets will be felt once it's done.

No one can tell you if bitcoin price will break $110k resistance level or not. It's possible for bitcoin price to create a need ATH this month but don't let this be your concern and plan on holding your bitcoin for a long term, because the eagerness of taking little profits might lead to unstable mindset and wrong decision making.

Bitcoin is not showing any serious willingness to break the $110 resistance to test the ATH. What I see now is Bitcoin still in consolidation and until there is a clear breakout, I'm not expecting much now.  Maybe in the later part of the year, like November upward, we will see some big moves because that is when Bitcoin normally do very well.

Bitcoin going back and forth touching the resistance level again and again is an indication of it trying to break above the resistance level and making a new all time high. It should be noted that bitcoin despite been faced by negative sentiment in the market, it still hold up to its price and showing improvement of hitting another record high soon. The bull cycle still has a long time from now to get to an end, so I am optimistic the resistance level will break soon and bitcoin will hit a new ATH. Bitcoin reaching $125K will most likely going to be how fast bitcoin reaches another all time high again and again as the bull cycle is still valid and we are approaching and breaking every new resistance level created by bitcoin. If bitcoin is able to break $110K, then my next speculative value will be it hitting $120K. How quickly I will speculate on it reaching $125K will also depend on how fast it’s able to reach and break $120K when the resistance there eventually gets broken during when the bull cycle is still valid.

Bitcoin seems to be stuck ranging between $105,000 and $108,000 for quite some time now. The ATH is approximately at $112,000, which isn't that far from where we are right now. I'm also speculating that if it manages to surpass $110,000 again, then we'll almost definitely reach a new ATH soon enough. However, the current situation leaves me with mixed feelings, on the one hand, I believe that it'll surpass the resistance point and potentially reach a new ATH, while on the other hand, I'm afraid that it'll turn into recession and crash at $90,000 levels.

You don't break resistance that easy, we've been at $109K for long but haven't succeeded to break through, the moment Bitcoin breaks the resistance i believe we will be seeing a new ATH within $120K and above. November seems very far to determine Bitcoin crossing its consolidation price, i expect the big moves to come in within this new quarter not the last of the year.

Currently right I am also optimistic about the Bitcoin market and certainly we may experience another ATH in the market before this Year runs out, and I believe it could be more effective than the previous ATH. What I would say to you is that if you are holding bitcon then there is no need to be that afraid of holding it. When you hold Bitcoin and not altcoin you would be more secure than those who are altcoins because altcoin entirely depends on Bitcoin to create their own ATH. Due the speculation across the market lot of people were saying that the market could move to 250k while some people also made mentioned of half a million people this year, but I didn't see where what they said would happened, but guess what? Crypto space are too manipulative and anything is very possible.

It is true that Bitcoin has not breakthrough the current ATH but that doesn't mean that it's not going to happen, it'll be a matter of time as we're still in the bull run. If you're still bullish that this circle will give us massive ROI then what you can do is accumulate more if you have the funds then hold and wait. I don't mind the minor back and forth before we see a new ATH, my worry is that we don't see a major pullback that will drag price bellow $100k, that'll be demoralizing. We're looking forward to some positive news that will trigger demand which will increase price and ATH will follow, it's just a matter of time.

Seeing bitcoin already above $109k and just speculating that it will get to $110k in few days time or eventually get to $120k soonest is something that's not even worth being tagged, speculation. Certainly, bitcoin will move past those price level even though when that will eventually happen is what we can't tell but it will certainly move past that phase. What looked like a very tough resistance to me was waiting for it to go past the %100k mark, anywhere about the $100k won't be a big deal. It might just be one slow but steady movement but eventually, we will keep passing one ATH after another.

Whoever on that category that Bitcoin would not surpass $110K are the natively minded people who on the journey of Bitcoin investment suffers out of their miopic insightment to understand that a resistance level of Bitcoin price at it bullishing event is such a key  roadblock highlighting significant reflections whereas,  it is projected a resting based gathering forces or momentums aimed to explore on new growth either to outcome new ATH (s) or breaking out from the resistance level. I hope to see such people selling out of FOMO and I will be chilling out there waiting for them to come and cry regrettably over their actions of selling because for a mere thought that Bitcoin was not going to recover after $110K was like an unbreakable resistance.

All eyes should be on the market candles in other for us to be able to witness on any strange event that may comes up with the sentiment, for now, we are still on the expectation that the market bullrun should continue and make it to all time high, which we can obviously see the possibility along the performance it has been giving, if we also make use of the necessary indicators from the market, we are definitely going to arrive at getting on something concerning the market expectations from this time forward.

Yeah, it is due for longer. Bull-run should resume at least in the 2nd of this year because four year cycle may get breached if bitcoin remains stagnated for the rest of the year. I am not seeing anything negative to influence bitcoin market to disturb its four year cycle. Moreover, all are set to have stronger bull run from here like lots of institutions are announcing their agenda of copying microstartegy's business model and governments are on this same list. So, this resistance around 110k level should be broken at any time and we will regain our hopes again. No such level to exist in next 100 years, given that less than 10% of world population aware of bitcoin and/or adapted bitcoin as of now. So when more people join, bitcoin will continue its journey regardless of any resistance level.

Still feel that this is not something that will adversely affect the price. $108k and $109k is the current Bitcoin price that is being traded. So, I felt that $110k could have happened this month. Even though it didn't happen, this is not the end of Bitcoin failing to reach the highest price because there are still a few more months for us to continue to wait to see how the Bitcoin market reacts. It is precisely at times like this that it is best to continue to hold and wait.

There is a huge resistance on $110k that's why we can't get over it. Although I believed that maybe in our many attempts, sooner or later it will have to give in to us and so it will collapse and we are going to break that big psychological barrier in front of us. So with that, we shouldn't feel bad ourselves. This is just another test for the market and for sure most of us who have been here knows that there are no mountains that we can't climb. We are very resilient to this kind of psychological barrier that we are going to break it, just a matter of time for us investors to pool our resources again. On the other hand, we should continue to accumulate no matter what what barriers is in front of us.

That is actually pretty reasonable, imo. I believe that is decent enough for profit it still depends where you bought bitcoin but if you bought it below $100k then I would say that is not that bad. Those who are waiting for bitcoin to reach $125k or $150k might miss out on this profit taking opportunity that might come soon.

But that has been the case for months now. And each time it's failed, there hasn't really been a bearish trend -- not since April/May's sub 80 and then back up here. So it's always tempting to do this scalping for small percentages every pullback but miss out on the ATH and you're in the red during a bull. Then again, if you're willing to wait for the fall...