BITCOIN FACES RESISTANCE AT $116K POTENTIAL PULLBACK TOWARD$106K

Oct 27, 2025

📊 Key Zones

Resistance Zone: $115,800 – $116,000

Price has reached this strong resistance area where previous rallies faced rejection.

A bearish reaction is visible, suggesting potential exhaustion of buyers at this level.

Support Zone: $105,800 – $107,000

Major support area where BTC previously found strong buying pressure.

This zone aligns with previous lows and potential liquidity areas.

Intermediate Target Zone: Around $110,000

Mid-level target between current resistance and the main support zone.

Could serve as a short-term reaction zone before a deeper move down.

📉 Expected Price Action

The chart suggests a bearish scenario:

1. BTC is expected to reject from the $116,000 resistance zone.

2. Price may drop toward $110,000 (first target) a key horizontal support.

3. If momentum continues bearish, BTC could extend toward $106,000 (final target zone) where stronger demand might appear.

💡 Technical Signals
Overextension: Recent sharp upward move without major pullback hints at short-term overbought conditions.

Liquidity Sweep: Price may have swept the highs above $116K to trap breakout buyers before reversing.

Structure: Lower timeframe structure could shift bearish if BTC breaks below $113,500–$114,000.

Oct 28, 2025

Trade active

Bitcoin market break below my first target achieved market reached at 113k