Bitcoin’s Path Unclear As Subwave Chaos Meets Key Resistance At $113,000

Bitcoin’s price action is caught in uncertainty as messy subwave structures clash with a critical resistance at $113,000. While the market shows attempts at recovery, the unclear wave patterns leave traders divided on whether the next move will be a breakout or a deeper ￰0￱ Subwaves Keep Bitcoin’s Next Move Clouded TARA, a crypto analyst, recently shared fresh insights on X regarding Bitcoin’s ongoing price ￰1￱ to the analyst, Bitcoin is currently in the middle of forming another wave down, but the subwave structure is still messy and ￰2￱ uncertainty makes it harder to predict the exact short-term direction, though the broader trend signals that further movement is ￰3￱ Reading: Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot She noted that BTC has already tested the resistance zone around $113,500, but the market still seems drawn toward lower ￰4￱ rejection from that resistance highlights the weakness in immediate bullish momentum, leaving room for bears to reassert ￰5￱ also emphasized that the $111,000 level remains a critical area to ￰6￱ zone aligns closely with important Fibonacci retracement levels, particularly the .618 support ￰7￱ long as Bitcoin holds above this threshold, there’s still a chance for the bulls to regain momentum and avoid deeper downside pressure.

However, if $111,000 is broken decisively, the analyst warned that Bitcoin would most likely extend its decline toward the next major Fibonacci level near $99,000. Such a move would shake out weak hands before the market establishes a more stable foundation for ￰8￱ Finds Support As Liquidity Grab Sparks Bounce Crypto VIP Signal, in a fresh update, noted that Bitcoin recently grabbed liquidity at a key support zone before bouncing ￰9￱ liquidity sweep allowed the market to reset after testing lower levels, showing that buyers were quick to step in and defend the ￰10￱ reactions often serve as early signs of strength, suggesting that Bitcoin still holds bullish potential as long as the support remains ￰11￱ Reading: Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation Attention now turns to the $113,000–$113,300 resistance zone, which stands as the next major hurdle for price ￰12￱ level has acted as a tough ceiling in previous attempts, making it a critical zone to ￰13￱ to the analyst, a decisive close above $113,300 could pave the way for BTC to target the $115,000 level in the short ￰14￱ a breakout would not only reinforce bullish momentum but also strengthen the case for a continuation of the broader upward ￰15￱ the meantime, speculations are whether Bitcoin can hold onto its rebound or if resistance will once again prove too strong to ￰16￱ image from Pixabay, chart from ￰17￱