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TimesTabloid 2025-06-09 14:56:13

Analyst Says This Rejection Is Dangerous for Bitcoin

Bitcoin (BTC) is once again at a crucial technical crossroads, with market participants closely watching the $106,900 resistance level. According to Ali, a respected crypto analyst known for his data-driven insights on X, Bitcoin’s current price behavior demands caution. In a recent post, he emphasized the significance of this key threshold, warning that a failure to break above it convincingly could trigger a substantial retracement for the flagship cryptocurrency. A Decisive Resistance Barrier At the heart of Ali’s analysis is the $106,900 price level, which has emerged as a decisive resistance point for Bitcoin. While BTC has made several attempts to reclaim this territory, each rally toward this zone has been met with increasing selling pressure. Wait for a sustained close above $106,900 before you turn bullish on #Bitcoin $BTC because a rejection here could send it back to $105,000 or even $103,500. pic.twitter.com/ojwWu7pKdG — Ali (@ali_charts) June 9, 2025 Ali urges traders and investors to refrain from a bullish stance until the asset can produce a sustained close above this threshold. His caution stems from the likelihood that rejection at this level could result in a sharp correction, potentially driving the price down to $105,000, or even lower, toward $103,500. This resistance has become a psychological and technical barrier, particularly as Bitcoin continues to trade in a relatively tight range amid broader market uncertainty. A clean break and hold above $106,900, according to Ali, would signify renewed bullish momentum and likely open the door to higher highs. However, absent that confirmation, the risk of downside cannot be overlooked. Short-Term Risk of Rejection Ali’s post is backed by an on-chain and technical overview that suggests bearish undertones beneath Bitcoin’s surface-level stability. While volatility remains suppressed relative to the explosive moves witnessed earlier in the year, the threat of a sudden downturn looms. If the price is rejected at $106,900, it would confirm bearish dominance at this resistance level and potentially trigger a wave of sell-offs from traders who were anticipating a breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 His warning comes at a time when Bitcoin is already under pressure from several macroeconomic and geopolitical factors. Regulatory uncertainty in key markets, investor repositioning amid changing U.S. interest rate expectations, and fluctuating institutional inflows have all contributed to Bitcoin’s recent hesitations. These elements, combined with the technical resistance described by Ali, reinforce the idea that a premature bullish bias could lead to painful consequences. Market Context and Broader Implications The stakes are particularly high at this juncture . A successful breakout would likely boost investor confidence, attracting new institutional investment and improving overall market sentiment. Conversely, a failed attempt to break higher could reinforce bearish structures on higher timeframes, leading to a reevaluation of near-term bullish theses. It is also worth noting that this rejection point aligns with liquidity zones that have historically seen high-volume rejections, suggesting that large entities might be using this level to offload or short BTC positions. If this behavior continues, it could further weaken Bitcoin’s short-term outlook. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says This Rejection Is Dangerous for Bitcoin appeared first on Times Tabloid .

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