Traders Eye $105K–$110K Demand Area for Next Move
Bitcoin (BTC) slipped to $108,800 in the latest session, extending a multi-day decline that has tested investors’ conviction after weeks of consolidation. The move places BTC back into the $108K–$110K support range, a critical demand zone that has repeatedly acted as a springboard for recovery since mid-2025.
The daily chart shows Bitcoin trading inside a descending channel, with lower highs and lower lows guiding price action since its rejection from the $124K–$126K resistance area in August. The most recent breakdown saw BTC breach the midpoint of the channel, accelerating selling pressure into the green support block near $110K.
“The $108K–$110K area is absolutely pivotal. If Bitcoin closes below this range, we could see momentum shift toward $102K and potentially the $95K region,” According to BITX technical analysts.
Volume has picked up slightly during the drop, suggesting that sellers are active, though not in a panic-driven flush. This moderation leaves room for a potential rebound if bulls manage to reclaim control at current levels.
Despite the pullback, broader sentiment remains cautiously optimistic. Many traders argue that Bitcoin is still consolidating after its strong rally earlier this year and that corrections of this size are part of healthy market structure.
“As long as BTC respects the $105K–$110K demand zone, the macro uptrend remains intact. The descending channel could even set up for a bullish breakout if the support holds,” According to BITX market strategists.
For now, Bitcoin’s short-term outlook hinges on whether the $108K level holds as support. A successful defense could pave the way for another test of the $115K–$118K resistance band, while failure risks deeper retracement toward March’s consolidation zones.
Traders will be closely monitoring upcoming sessions for confirmation, as the $108K level stands as the dividing line between continuation of the broader bullish structure and a potential shift toward extended downside correction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.