Skip to content
October 10, 2025Crypto Potato logoCrypto Potato

Wall Breaking? Bitcoin Faces Key Test Near $126K Trendline

Bitcoin is trading near $121,600 after reaching a new all-time high above $126,000 earlier this ￰0￱ asset has slowed and is now moving sideways just below a major diagonal resistance that has capped the price for several ￰1￱ are watching to see whether Bitcoin can break through or if it will be rejected once again. Meanwhile, the market is holding near a key level while open interest remains high in the futures ￰2￱ Struggles Near Long-Term Resistance Bitcoin is facing resistance at a trendline that has held firm since earlier cycle ￰3￱ latest weekly candle shows another rejection near $126,000, followed by a pullback of around 5.5%. Earlier this year, similar rejections led to drops of nearly 10% and close to 30%.

The difference this time is the size of the ￰4￱ rejection has been smaller than the ￰5￱ Capital pointed out that “this trendline looks to be a weakening point of rejection,” suggesting sellers may be losing strength at this level.) October 10, 2025 The asset is currently consolidating in a tight ￰6￱ has slowed, which often happens before a larger ￰7￱ trend remains bullish overall. A confirmed higher low would support another leg higher, especially if resistance ￰8￱ Scenario Still in Play While short-term sentiment remains positive, some market participants are still ￰9￱ Ali Martinez shared a scenario where Bitcoin gets rejected at $124,000 and begins a correction toward $96,000.

If that level fails, the next major support is around $70,000.

Crypto Potato logo
Crypto Potato

Latest news and analysis from Crypto Potato

Bitcoin Briefly Dips Toward $105,000 Amid Roughly $5B in Liquidations

Bitcoin Briefly Dips Toward $105,000 Amid Roughly $5B in Liquidations

Bitcoin price crash to $105,000 on 11 October 2025 was triggered by a sudden liquidations wave that erased roughly $5 billion in leveraged positions, including $3.24B in longs; BTC briefly...

CoinOtag logoCoinOtag
1 min
Shiba Inu Price Prediction: Shocking Hidden Data Shows SHIB Might Be Stronger Than It Looks – Should You Get In Now?

Shiba Inu Price Prediction: Shocking Hidden Data Shows SHIB Might Be Stronger Than It Looks – Should You Get In Now?

Several key indicators are flashing green, supporting a bullish Shiba Inu price prediction as altcoin season gains momentum . With Ethereum (ETH) holding strong above the $4,000 mark , meme coins tied...

cryptonews logocryptonews
1 min
From $254M To $78.5B:  Tron USDT Growth Drives Network Valuation

From $254M To $78.5B: Tron USDT Growth Drives Network Valuation

Tron (TRX) is at a decisive moment after retracing to key demand levels that could determine its next major move. Bulls, who have been in control since late March, are now working to defend support an...

NewsBTC logoNewsBTC
1 min