Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s price action is caught in uncertainty as messy subwave structures clash with a critical resistance at $113,000. While the market shows attempts at recovery, the unclear wave patterns leave traders divided on whether the next move will be a breakoutor a deeper correction. Messy Subwaves Keep Bitcoin’s Next Move Clouded
TARA, a crypto analyst, recently shared fresh insightson X regarding Bitcoin’s ongoing price action. According to the analyst, Bitcoin is currently in the middle of forming another wave down, but the subwave structure is still messy and unclear. This uncertainty makes it harder to predict the exact short-term direction, though the broader trendsignals that further movement is likely. Related Reading Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot 1 week ago
She noted that BTC has already tested the resistance zone around $113,500, but the market still seems drawn toward lower targets. The rejection from that resistancehighlights the weakness in immediate bullish momentum, leaving room for bears to reassert control. Source: Chart from TARA on X
TARA also emphasized that the $111,000 level remains a critical area to watch. This zone aligns closely with important Fibonacci retracement levels, particularly the .618 supportfibs. As long as Bitcoin holds above this threshold, there’s still a chance for the bullsto regain momentum and avoid deeper downside pressure.
However, if $111,000 is broken decisively, the analyst warned that Bitcoin would most likely extend its decline toward the next major Fibonacci level near $99,000. Such a move would shake out weak hands before the marketestablishes a more stable foundation for recovery. BTC Finds Support As Liquidity Grab Sparks Bounce
Crypto VIP Signal, in a fresh update, noted that Bitcoin recently grabbed liquidity at a key support zone before bouncing higher. This liquidity sweep allowed the market to reset after testing lower levels, showing that buyers were quick to step in and defend the area. Such reactions often serve as early signs of strength, suggesting that Bitcoin still holds bullishpotential as long as the support remains intact. Related Reading Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation 4 days ago
Attention now turns to the $113,000–$113,300 resistance zone, which stands as the next major hurdle for price action. This level has acted as a tough ceiling in previous attempts, making it a critical zone to watch.
According to the analyst, a decisive close above $113,300 could pave the way for BTC to target the $115,000 level in the short term. Such a breakout would not only reinforce bullish momentum but also strengthen the case for a continuation of the broader upward trend. In the meantime, speculations are whether Bitcoin can hold onto its rebound or if resistance will once again prove too strong to overcome. BTC trading at $113,020 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com