Bitcoin Bulls Defend $101,000 as Market Eyes Key Reclaim at $107,000
BTC bounces from liquidity sweep; next move hinges on mid-range retest.
Bitcoin staged a strong rebound after dipping below $101,000, sweeping key liquidity before recovering back into the low $100Ks. According to analyst Daan Crypto Trades, this bounce gives bulls a fighting chance—if they can reclaim the critical $106K–$107K resistance zone.
Reclaim or Reject? All Eyes on $106K–$107K
His chart shows that price action has now returned to the $105K range, but upside momentum remains fragile. Bulls must push BTC back into the $106K–$112K supply zone to regain structure and reenter the path toward all-time highs. Failure to do so risks further breakdown.
“Bulls would want to retake the $106K–$107K area,” Daan noted, “to get back into the previous range and near all-time highs.”
This zone previously acted as a ceiling, capping multiple rallies in late May. A clean reclaim would shift momentum decisively back to the upside.
$100K Must Hold — Or Mid-$90K Retest Awaits
Beneath current price, the $100K–$101K support band is now the line in the sand. This range has caught multiple wicks, but any sustained weakness below it could drag BTC toward the $96K–$93K demand zone seen in early May.
“The $100K–$101K level is key to stop this from testing down to the mid-90s,” Daan warned.
The market’s recent liquidity sweep below $101K was sharp—but short-lived. Buyers stepped in quickly, suggesting this zone still carries strong psychological and technical weight.
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