As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst suggests that the flagship crypto’s daily close could set the stage for a bullish end of the week despite potential volatility. Bitcoin Breakout To Come ‘Sooner Or Later’ At the start of the new quarter, Bitcoin has retested crucial levels, touching the $105,000 support and $110,000 resistance over the past four days. Amid its Tuesday pullback, the flagship crypto fell to a two-week low but managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems previously noted that BTC needed a strong rebound from the “most important” support and resistance area, between the $104,000 and $106,000 price levels, explaining that failing to hold this range would open the door for a drop to the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s price action after holding the key levels, which “provided the perfect entry for a bounce, just as expected.” Following this performance, he asserted that Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling that potential further expansion is ahead. Nonetheless, he pointed out that the flagship crypto is still trading in a two-month range, suggesting a volatile price action until the price successfully breaks out, which it has attempted to do earlier this week. “Since we are in a range, we are forced to respect the key levels of the range: high, mid, and low,” Sjuul detailed, adding that all eyes are currently on the mid-range, where bulls must step in to confirm the bullish move to the range high. Based on this, the analyst forecasted another move above the $110,00 mark, where “we have left a lot of unfinished business” and “plenty of liquidity lies.” He pointed to a huge cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that “price is attracted by liquidity, so I am expecting that level to be visited sooner or later.” BTC Eyes Pivotal Closes After being rejected from the $108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin broke out of two 2-week downtrends in the past 40 days but was rejected from the crucial 6-week diagonal downtrend, around the $108,000 mark, during the same timeframe. This week, BTC closed above this resistance twice, and daily closed above the $109,000 mark on Thursday. However, Friday’s pullback saw Bitcoin drop below the crucial level, falling to the $107,245 area. The analyst considers that a key retest of the pattern is in progress. He previously explained that any dipping into the top of Bitcoin’s pattern could “technically be considered additional retesting to further solidify the recently broken black diagonal resistance into new support.” Nonetheless, BTC must close today above the diagonal resistance for a successful retest. “Bitcoin is losing the diagonal for the moment. But if price Daily Closes above the diagonal, then this will have ended as a downside wick as part of a volatile retest. Upcoming Daily Close will be pivotal,” he stated. Meanwhile, Bitcoin is also on the cusp of making history as its price nears the “final major Weekly resistance” around the $109,000. Rekt Capital detailed that if BTC closes above this level, it would confirm a break from this major resistance, which would likely unlock a new all-time high (ATH). He concluded that, with the recent weekend volatility, “we won’t know until the very last moment heading into the new Weekly Close whether this level has been flipped into support or not.”

This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC. Bitcoin Sees Transitional Period On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been “truly a cycle of re-accumulation ranges,” explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year. In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows. For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month. Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area. According to the analyst, this is “perhaps the first time that we’re seeing a deviation occur below the range high,” making this area a crucial level to transition into a new uptrend. We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different. Weekly Close Key For BTC’s Future Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.” To the analyst, it’s key that this week’s close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend. Rekt Capital added that the timeline for BTC’s next uptrend will depend on the length of the new transitional period. However, he believes that it will take “a bit longer” to break out. Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025. Nonetheless, the analyst affirmed that it’s crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market. As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe.