The post Bitcoin Near $106K Resistance as Whale Accumulation Increases Amid Signs of Momentum Weakness appeared on BitcoinEthereumNews.com.

Bitcoin consolidates near the $106K mark as whale accumulation intensifies, yet momentum indicators suggest potential exhaustion ahead. Short-term holder resistance aligns closely with whale breakeven levels, creating a pivotal price zone that could dictate Bitcoin’s near-term trajectory. According to IntoTheBlock, whale inflows surged over 250% last week while outflows dropped significantly, signaling strong accumulation and confidence among large holders. Bitcoin nears $106K with whale accumulation rising, but momentum and NVT ratio warn of possible resistance. Key levels at $106.2K and $97.5K critical for next moves. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Whale Accumulation Near $106K Signals Potential Support and Resistance Zones Bitcoin’s price action around the $106,000 level is increasingly influenced by the behavior of short-term holders and whales. The 1-week to 4-week holder cohort has an average cost basis near $106.2K, which coincides with significant whale accumulation levels. This convergence creates a psychological resistance zone, as holders approaching breakeven may be incentivized to sell, applying pressure on price. Conversely, holders with longer-term cost bases around $97.5K view this as a discount zone, potentially providing strong buying support if prices dip. This dynamic sets up a critical battleground where the dominance of either cohort could determine whether Bitcoin breaks out above resistance or retraces to test lower support levels. Market participants should watch these zones closely, as they represent key liquidity pools influencing near-term price stability. ‘,…

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Filed under: News - @ June 8, 2025 1:12 pm