Kraken Observes Bitcoin’s Struggle at $105K Resistance Amid Bearish Signals

Bitcoin’s recent attempt to breach the $105,000 resistance level has been met with bearish pressure, as noted by Kraken analysts. The cryptocurrency failed to sustain momentum above this critical threshold and has since dipped below both the $103,800 support level and its 100-hour moving average. Technical indicators now suggest potential further downside, with a key bullish trendline break at $103,600 signaling weakening momentum. Market participants are closely watching for either a decisive breakout above resistance or a deeper correction. This development highlights the volatile nature of Bitcoin’s price action and the importance of monitoring key technical levels for traders and investors alike.

Bitcoin Faces Short-Term Bearish Pressure After Testing $105K Resistance

Bitcoin’s price action shows signs of fatigue after failing to sustain momentum above $105,000. The leading cryptocurrency now trades below both the $103,800 level and its 100-hour moving average, with technical indicators suggesting potential for further downside.

A critical bullish trendline break at $103,600 on BTC/USD charts signals weakening momentum. Market participants await either a decisive breakout above resistance or confirmation of deeper correction toward support levels.

Ethereum Price Dips May Offer Buying Opportunity — Bulls Eye Reentry

Ethereum extended its rally above $2,720 before entering a corrective phase, with traders watching the $2,500 support level for potential reentry points. The second-largest cryptocurrency shows resilience as it holds above both the 100-hour moving average and the $2,520 foothold.

A technical pattern emerging on hourly charts suggests accumulation, with the $2,630 level acting as immediate resistance. Market participants appear poised to defend the $2,500 zone, anticipating another leg upward in this volatile digital asset.

The recent push past $2,650 outpaced Bitcoin’s performance, demonstrating ETH’s relative strength. After touching a local peak at $2,736, the current pullback offers strategic buyers a chance to position before potential continuation of the uptrend.