Bitcoin Traders Brace for Volatility as Sellers Defend $105K Level Despite ‘Crypto Winter’ Fears

Bitcoin hovered around $102,000 on Thursday, as traders struggled to push the price beyond the $105,000 resistance level amid rising sell ￰0￱ Pressure Builds Around $105,000 Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s rebound losing steam following the daily ￰1￱ Skew noted that Bitcoin’s price appeared capped by a cluster of sell orders just above $105,000, adding that this was “not surprising.” He warned that the increase in sell-side liquidity could be a deliberate attempt to suppress prices during Asian trading ￰2￱ analytics platform Material Indicators highlighted that the significant ask liquidity had not yet caused a price correction, suggesting the seller could be trying to drive Bitcoin down toward the $98,000 to $93,000 range.

“If price hits $105k, I’d expect part if not all of those asks to get pulled,” the group said, noting that Bitcoin’s bounce from its 50-week simple moving average still carries “macro bullish implications.” Traders Eye Potential Dip Market commentator Exitpump described the $105,000 sell wall as “insane,” while other analysts suggested the liquidity might not be genuine. Meanwhile, veteran investor Kyle Chasse cautioned that another short-term price drop could occur, pointing to a buildup of bid liquidity below current levels. “Confidence could get wiped in a heartbeat,” he said, referencing CoinGlass data showing clusters of liquidations awaiting lower price ￰3￱ Market Factors at Play Bitcoin’s latest movements also coincided with cooling momentum in U.

S. equities, which have been retreating from all-time ￰4￱ around the Supreme Court possibly overturning international trade tariffs added uncertainty to broader ￰5￱ believe that if the Court strikes down the tariffs, it could trigger a rally in equities — but potentially divert short-term liquidity away from ￰6￱ of Thursday afternoon, Bitcoin remained volatile, trading narrowly between $101,500 and $103,500, with traders keeping a close watch on the critical $105,000 resistance zone.