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crypto.news 2025-06-16 18:42:45

Will Bitcoin hit a new high in June? $108.9k resistance could decide BTC’s next major breakout

Will Bitcoin hit a new high in June? $108.9k resistance could decide BTC’s next major breakout

Bitcoin’s weekend rally has brought price into a significant high-timeframe resistance zone, where the coming sessions will determine whether this region marks a local top, or a springboard to new all-time highs. With technical confluence building around the $108,900 level, the market is now at a pivotal decision point. Bitcoin ( BTC ) has shown strong momentum coming into the week following a weekend push higher. However, price is now trading in a zone that has historically acted as resistance, and the market’s reaction here will shape the near-term outlook. If this resistance is cleared with volume and conviction, a breakout to fresh all-time highs becomes increasingly likely. If price is rejected, a retracement toward liquidity-laden zones below may occur first. Key technical points Key Resistance at $108,900: This level aligns with the value area high, a prior swing high, the 0.618 Fibonacci retracement, and a major high-timeframe resistance. Support Cluster at Weekend Lows: The point of control, 0.618 Fibonacci, and value area low align near the weekend’s base, creating a strong zone of liquidity. High Likelihood of Liquidity Sweep: Bitcoin often targets weekend lows before major directional moves, especially when consolidating at resistance. BTCUSDT (4H) Chart, Source: TradingView Bitcoin is currently trading within a key resistance region defined by a cluster of confluence: the value area high, a macro swing high, the 0.618 Fibonacci retracement, and a high-timeframe horizontal level at $108,900. This zone has historically served as a barrier for bullish momentum, making it a valid region for short-term distribution or consolidation. What happens at this level will likely determine the next leg of price action. A candle close above $108,900, particularly on the 4H or daily chart, would signal strength and open the door for a breakout toward new all-time highs. On the other hand, a rejection at this level, especially on low volume, could trigger a sweep of weekend liquidity. You might also like: XAUUSD weekly forecast: fundamentals push gold higher, $3700 a possibility? The key support zone to monitor in that scenario lies around the point of control, which aligns with the weekend lows, the 0.618 retracement, and the value area low. Historically, Bitcoin tends to clear weekend lows before initiating major moves, aligning with the liquidity-driven behavior typical of the asset. What to expect in the coming price action Bitcoin is trading at a critical inflection point. A break above $108,900 with strong volume increases the probability of a new all-time high. A rejection, however, raises the likelihood of a liquidity sweep, with a potential retrace to support zones near $104,000. Watch this level closely, as this week’s trend may hinge on what unfolds here. Read more: Here’s why MAGIC price ripped 40% higher

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