Bitcoin Stuck at $103K – Is a Major Move to $106K or $90K Coming?
Bitcoin (BTC) is at a decisive level, currently trading around $103,600. Technical indicators are showing a tightening range, pointing to either a breakout toward $106K or a possible dip to $90K.
The 4-hour chart on TradingView shows BTC holding support, while Bollinger Bands are narrowing — a typical sign of a sideways phase before a volatile move. Currently, BTC is near the lower band, hinting at short-term oversold conditions. However, bulls haven’t pushed past the mid-band, suggesting hesitation.
The daily chart reflects similar uncertainty, with key resistance at $106,000. A clear break above could trigger fresh bullish momentum. But if Bitcoin fails to break out soon, bears may drag it down toward the $90,000 support zone.
Adding weight to the bearish outlook, John Bollinger recently pointed out a “Three Pushes to a High” pattern, suggesting the rally might be over.
With over $1 billion in recent liquidations and market sentiment mixed due to macro uncertainty, traders are on edge, watching for its next big move.
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