Kraken Market Analysis: Bitcoin Faces Critical Resistance Test Amid Bearish Pressure

Bitcoin continues to face significant selling pressure as it struggles to maintain key support levels, with the cryptocurrency currently trading around $111,557 after breaking below the critical $114,000 support zone. The failure to hold above $115,500 has clearly shifted market momentum in favor of sellers, creating a challenging environment for bullish investors. Technical analysis reveals a bearish trend line forming at $113,600 on the hourly chart, which now serves as a major resistance level that Bitcoin must overcome to reverse the current downtrend. The 100-hour moving average further reinforces this resistance barrier, adding to the selling pressure that has been building in recent trading sessions. Market structure currently suggests caution as BTC tests the crucial $110,500 support zone, which could determine the next major price direction. A decisive close above $114,000 is now essential to invalidate the current bearish momentum and potentially trigger a reversal. The consolidation near current levels indicates uncertainty among traders, with many waiting for a clear breakout signal before committing to new positions. Volume analysis shows decreased trading activity during this consolidation phase, suggesting that market participants are adopting a wait-and-see approach. The broader cryptocurrency market sentiment appears to be influenced by Bitcoin's performance, with altcoins typically following BTC's lead during such critical technical junctures. Institutional interest remains a key factor to watch, as large-scale investors often use these technical levels to establish or adjust their positions. Regulatory developments and macroeconomic factors continue to play a significant role in shaping market sentiment, though technical factors are currently dominating short-term price action. The current price action represents a critical test for Bitcoin's medium-term trajectory, with the outcome likely to set the tone for the broader digital asset market in the coming weeks. Traders should monitor these key levels closely, as a break below $110,500 could trigger further downside momentum, while a successful breach of resistance could reignite bullish sentiment across the cryptocurrency ecosystem.

Bitcoin Price Struggles Under Resistance as Bears Loom

Bitcoin extended losses after breaking below the $114,000 support level, now consolidating NEAR $111,557. The failure to hold above $115,500 has shifted momentum toward sellers, with a bearish trend line forming at $113,600 on the hourly chart. A decisive close above $114,000 is needed to invalidate the downtrend.

The 100-hour moving average reinforces resistance as BTC tests the $110,500 support zone. Market structure suggests caution—while oversold conditions could spark a rebound, the path of least resistance favors further downside unless bulls reclaim $114,000.

Ethereum Faces Resistance Wall Amid Market Uncertainty

Ethereum's price action shows signs of strain as it struggles to hold above key support levels. The second-largest cryptocurrency failed to sustain momentum above $4,500, triggering a decline that breached multiple support zones. Current trading below $4,220 and the 100-hour moving average suggests bearish control.

Technical indicators reveal a critical juncture. A bearish trend line has formed with resistance near $4,370 on ETH/USD charts, while the $4,125 support level hangs in the balance. Market participants are watching Fibonacci retracement levels closely, particularly the 50% level at $4,315 from the recent swing high of $4,636 to the $4,000 low.

The immediate outlook remains precarious. A decisive break below $4,125 could accelerate declines, while reclaiming $4,280 might signal renewed bullish interest. This price action mirrors broader market trends, with Bitcoin showing similar weakness in recent sessions.

Solana (SOL) Faces Bearish Pressure as Price Dips Below Key Support Levels

Solana's SOL token has extended its decline, slipping below critical support levels amid broader market weakness. The digital asset now trades below $220, having failed to sustain momentum above the $250 resistance level.

Technical indicators show SOL breaking beneath both its 100-hour moving average and a key trendline at $222. Market observers note the next significant support zone lies near $200, with resistance forming at $215 and $230. The current price action mirrors similar downward moves in bitcoin and Ethereum.

Hourly charts reveal SOL testing lows near $207 before consolidating. Any recovery attempt WOULD need to overcome multiple resistance levels, including the 50% Fibonacci retracement level at $230 from the recent $254 high.

Kraken Commits $2M to Pro-Trump Crypto PACs in 2025

Kraken, the cryptocurrency exchange, has announced a $2 million donation to pro-Trump political action committees (PACs) in 2025. The MOVE underscores the increasing clout of digital asset firms in shaping U.S. regulatory frameworks. The funds will be split evenly between the Digital Freedom Fund (DFF) and America First Digital (AFD), an advocacy initiative led by Andreessen Horowitz.

Arjun Sethi, Kraken's Co-CEO, framed the decision as part of a broader industry strategy to support candidates favoring crypto growth. "The fight for crypto in the United States is far from over," Sethi stated on X. The DFF, launched in August with a $21 million Bitcoin donation from Gemini's Winklevoss twins, aims to advance Trump's crypto agenda within the GOP.

Kraken's parent company, Payward Inc., previously contributed $750,000 to the Fairshake PAC in early 2024. The latest pledge signals escalating financial involvement from crypto entities in political campaigns.

Kraken Commits $2M to Pro-Crypto Political Action Committees

Kraken, one of the largest U.S.-based Bitcoin exchanges, has pledged $2 million to political action committees (PACs) advocating for pro-crypto policies. The funds will be evenly distributed between the Freedom Fund PAC and America First Digital, as announced by Kraken Co-CEO Arjun Sethi.

The exchange emphasized its role as a single-issue donor, supporting candidates who advance clear regulatory frameworks for digital assets. "Crypto is a non-partisan issue," a Kraken spokesperson stated, distancing the donations from partisan affiliations despite the PACs' known Republican ties.

This move comes amid legislative progress on crypto market structure bills, including the GENIUS Act for stablecoin regulation, which recently passed the House with bipartisan support.

Bitcoin Price Struggles Again – Will Bears Push Price Into Deeper Decline Soon?

Bitcoin extended its losses, slipping below the $113,800 mark and now consolidating near $111,111. The cryptocurrency faces mounting pressure as it trades beneath both the $113,500 level and the 100-hour Simple Moving Average. A bearish trend line has emerged on the hourly chart, with resistance firming near $114,000.

The failure to reclaim $115,000 has left BTC vulnerable to further downside. Immediate resistance lies at $113,500, followed by the critical $114,000 zone. A break above this level could signal a potential recovery, targeting $114,500—the 50% Fibonacci retracement level of the recent drop from $117,920.

Market sentiment remains cautious as Bitcoin tests the $110,500 support zone. The absence of bullish momentum suggests bears may continue to dominate in the near term.