Is $105K a Launchpad or Double Top for Bitcoin?

[umair]

Bitcoin is once again at a critical technical crossroads, hovering just under the $105,000 resistance level. The current debate among analysts centers around whether this level marks the formation of a “double top” — which could trigger a major correction — or if it serves as a launchpad for Bitcoin’s next leg up.

A double top is typically seen as a bearish reversal pattern, signaling that buyers are losing momentum after testing a major resistance zone twice. If this plays out, Bitcoin could face a sharp drop, with analysts eyeing support levels around $95K and even $88K in more bearish scenarios.

On the flip side, some bullish traders argue that Bitcoin is consolidating in preparation for a breakout. They point to solid fundamentals, institutional inflows, and increasing demand from spot ETFs as catalysts that could push BTC past $105K and into price discovery, potentially targeting $110K and beyond.

Meanwhile, volume remains relatively neutral, adding to the uncertainty. The coming days may offer clearer direction, especially if Bitcoin can close multiple daily candles above the resistance zone.

This moment could define the short-term trajectory of the crypto market as a whole. If Bitcoin breaks out, altcoins may follow suit. If it falters, a market-wide correction could be on the table.

Question for Discussion:

Do you think Bitcoin will break through $105K and continue its rally, or are we looking at a classic double top reversal?

[mistaPhi]

I'm anticipating a break out to higher highs, although I'm a bit uncertain how high the next ATH will be.

But I have plenty of buy orders in place just in case there's a pullback. I'll be pleased with both upward or downward movement of the price. Just give me some movement!