The post Bitcoin Nears Key Resistance Levels, Potentially Testing $112,000 Amid Market Uncertainty appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) shows resilience with a slight uptick amid a predominantly green crypto market, signaling cautious optimism among traders. Despite a false breakout at local resistance levels, BTC’s price action suggests potential for further upward momentum if key resistance zones are breached. According to CoinStats, the market remains largely positive today, reinforcing the sentiment that Bitcoin could test higher price points soon. Bitcoin edges up by 0.11% as market optimism grows; key resistance levels at $110,400 and $112,000 could define the next major price movements. ‘, ‘ 🚀 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); } })(); Bitcoin Price Analysis: Navigating Resistance Levels and Market Sentiment Bitcoin’s recent price movement reflects a delicate balance between bullish enthusiasm and cautious trading behavior. The cryptocurrency has experienced a modest increase of 0.11% since yesterday, maintaining its position near the $109,400 mark. On the hourly chart, BTC attempted a breakout above the local resistance at $109,550 but failed to sustain momentum, resulting in a false breakout. This development indicates that sellers are still active around this price point, and if the daily candlestick closes significantly below this resistance, a retracement toward the $109,000 zone could occur. However, on a broader timeframe, Bitcoin is approaching a more substantial resistance level at $110,400. A successful breakout above this threshold could unleash accumulated buying pressure, potentially propelling BTC toward the $112,000 mark. This level is critical as it represents…

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Filed under: News - @ July 9, 2025 6:27 pm