Bitcoin Bulls Charge Toward $108K—But Sellers Dig In for a Bloody Battle (Market Watch)

Bitcoin's bulls are foaming at the mouth for a breakout above $108,000—yet sellers keep slamming the door shut. Who blinks first?

The Tug-of-War No One Predicted

Just when momentum seemed unstoppable, resistance levels turned into brick walls. Every surge gets met with a wave of profit-taking—classic crypto whiplash.

Liquidity Hunters vs. Diamond Hands

Traders chasing liquidity zones clash with HODLers treating dips like Black Friday sales. Meanwhile, institutional players quietly accumulate—because nothing says 'trust the process' like buying the rumor and selling the news.

The Cynic's Corner

Let’s be real: half these 'sellers' are just leveraged degens getting margin-called. Welcome to crypto’s version of musical chairs—where the music never stops, but the seats keep vanishing.

Bitcoin Double Taps $108K

As CryptoPotato reported earlier today, the primary cryptocurrency tapped the important level at $108,000 on multiple separate occasions in the past 24 hours, but fell short each time.

At the time of this writing, the price is trading at around $107,500, and it’s interesting to see if the bulls will be able to break above.

This is clearly becoming an important level to watch, as both buyers and sellers are committing serious resources here. If the buyers are able to keep going, this could consume the seller-side liquidity at around $108K and pave the way for a MOVE upwards. Of course, the opposite is also not out of the picture.

However, it’s also important to note that the cryptocurrency managed to successfully reclaim its 50-day exponentioal moving average, which, according to many analysts, is widely regarded as a critical technical indicator that’s oftentimes used as support during corrections in a broader bullish trend. Reclaiming this level is historically followed by bullish continuation, so let’s see if it plays out again.

Altcoins Paint a Mixed Picture

The wide majority of altcoins are thrading in the red in the past 24 hours, with a few certain exceptions that are mostly trading at the same price they were before that, failing to chart any considerable increases.

As you can see in the heatmap below, Bitcoin Cash is one of the best performers and it’s up by almost 4% on the day.

That said, many of the large-cap cryptocurrencies such as HYPE, ADA, DOGE, SUI, HBAR, DOT, and others, are down between 2% and 5% for the same period.