Bitcoin Reclaims $106,000: What’s the Next Resistance Level?

The leading cryptocurrency is now trading at $106,364.50, marking a 3.27% gain over the past month, according to data from CoinMarketCap.

Despite a brief drop below $101,000 on June 5th, Bitcoin quickly rebounded, supported by strong dip-buying interest. The volume-to-market cap ratio (1.72%) and sustained on-chain activity suggest the asset remains in strong hands.

Key Resistance Levels to Watch

Based on the 1-month chart:

The next immediate resistance lies near the $107,500 level, where BTC previously peaked around May 22–23. A breakout above $107.5K could open the door for a retest of the $110,000 psychological barrier, which has remained untouched during this cycle. On the downside, $102,500 has emerged as a critical support level, with a sharp bounce visible from that zone during the early days of June.

Momentum Outlook

While daily volume has cooled slightly, the broader trend remains intact. With Bitcoin hovering just under its local highs, a breakout above $107.5K could invite additional institutional inflows and trigger bullish technical confirmation.

As market sentiment recovers and macroeconomic conditions stabilize, all eyes are now on whether BTC can convert $107.5K from resistance to support — setting the stage for a new leg higher.

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