Bitcoin Stalls Below $110K as Double-Top Threat Grows
Bitcoin is hovering near $104,447, struggling to gain traction after failing to break above the $110,000 resistance.
Analytics firm Swissblock says the asset is losing momentum and may be entering a broad consolidation phase between $100,000 and its recent all-time high near $112,000.
The firm notes that while price remains elevated, signs of exhaustion are building. “Consolidation may last,” Swissblock stated, adding, “but one thing’s clear: No breakout without strong fundamentals.”
Bearish Pattern May Be Forming
Swissblock also raised concern over the possible formation of a double-top pattern—a bearish signal that often precedes reversals. The setup involves two failed attempts to break a key resistance level, suggesting that buying power is fading.
If Bitcoin continues to stall without renewed investor inflows, the risk of a breakdown grows. The $100K support level could come under pressure if bulls can’t regain control soon.
Eyes on Fundamentals and Flow
With BTC trading roughly 7% below its recent all-time high, Swissblock emphasized the need for fresh capital and strong fundamentals to push the price higher. Without it, the asset may remain trapped in a tightening range, vulnerable to downside breaks.
For now, the focus remains on whether BTC can reclaim momentum—or fall back into deeper consolidation.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
