Bitcoin (BTC) is holding steady above its long-term $107K support zone, signaling a potential shift in momentum as traders anticipate a rebound toward the $124.5K range.
The critical trendline, highlighted by market analysts, continues to serve as a key foundation for Bitcoin’s ongoing bull structure. With selling pressure easing, market sentiment is gradually tilting toward renewed bullish momentum in the weeks ahead.
Bitcoin Defends Its Most Important Support Trendline
Bitcoin (BTC) continues to hold above a key support zone near $107K, a level that many analysts now describe as the foundation of the ongoing bull structure. Market analyst Ali (@ali_charts) highlighted what he called “the most important support trendline for Bitcoin,” connecting major higher lows from $16K in late 2022, $25K in mid-2023, $40K in early 2024, and $55K in mid-2024.
The most crucial support trendline for Bitcoin—the line that could define its next big move! Source: @ali_charts via X
The ascending line, visible on a weekly BTCUSDT perpetual futures chart on Binance, remains intact even as Bitcoin trades near the lower boundary of this structure. As long as BTC maintains this critical area, bulls are likely to remain in control. A decisive break below it, however, could open the door to deeper downside pressure and test market confidence.
At the time of writing, Bitcoin is trading at $109,099, down 1.84% in the last 24 hours with a 24-hour trading volume of $57.2 billion, according to Brave New Coin data.
Traders Eye the $107K–$124.5K Range
While short-term volatility persists, analysts are identifying a clear trading range that defines Bitcoin’s current market rhythm. Trader Daink (@TraderDaink) noted that BTC has been oscillating between $107.3K and $124.5K, presenting strategic long opportunities near the lower boundary. “In times where there’s uncertainty, the best thing to do is let the mess play out and look for the range… Any pullback to 107.3 K is long. Target: 116 K – 124.5 K,” — Trader Daink
Bitcoin is ranging between $107.3K and $124.5K—every dip toward $107.3K looks like a long opportunity in this volatile zone. Source: @TraderDaink via X
This range-trading setup aligns with broader market sentiment following a $121 million leveraged short liquidation earlier this week, which brought BTC back toward the $108K area. For now, traders appear to be watching how Bitcoin reacts to this zone before confirming the next directional move.
Technical Outlook: Bulls Defend Support, Eyes on $124K Resistance
From a technical analysis perspective, Bitcoin’s structure remains largely constructive despite near-term weakness. The $107K–$110K area serves as the main zone of defense for bulls, backed by ascending support from 2022.
Bitcoin ($BTC) holds key support at $107K–$110K, with the potential to rebound toward $116K–$124.5K if bulls defend this zone. Source: smuggler65 on TradingView
If this level holds, analysts expect a potential rebound toward $116K and $124.5K, which align with the upper range resistance. On the flip side, a confirmed breakdown below $107K could invite a sharper correction toward $100K, where the next layer of demand sits.
The Relative Strength Index (RSI) on the 12-hour chart remains neutral, leaving room for upside momentum if buying pressure returns. Meanwhile, open interest across derivatives markets has eased slightly, reducing the risk of cascading liquidations if volatility spikes again.
Macro Drivers and Bitcoin’s Broader Outlook
Beyond the charts, macro sentiment continues to influence the Bitcoin price forecast. Institutional adoption remains a key tailwind as BTC ETFs from BlackRock, Fidelity, and Grayscale sustain healthy inflows, pushing the Bitcoin market cap above $2.1 trillion.
However, analysts warn that broader market uncertainty—including shifting monetary policy and global risk sentiment—could cap near-term upside. The next few weeks will likely determine whether Bitcoin’s long-term uptrend remains intact or faces its first meaningful retracement since the summer rally.
If Bitcoin holds this support, a move toward its previous all-time high (ATH) near $125K could set the stage for renewed bullish momentum going into early 2026.
Final Thoughts
Bitcoin is currently sitting at a pivotal crossroads. Holding the $107K support could validate the broader bullish narrative and trigger a push toward $124.5K, while a breakdown may invite a temporary cooling phase before the next leg higher.
Bitcoin (BTC) was trading at around $109,099, down 1.84% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
For now, technical indicators, exchange data, and ETF inflows suggest that Bitcoin’s long-term trend remains constructive. As always, traders are advised to manage risk and watch key support and resistance zones closely as volatility picks up.
