Bitcoin Stalls Below $110K as Double-Top Threat Grows
Analytics firm Swissblock says the asset is losing momentum and may be entering a broad consolidation phase between $100,000 and its recent all-time high near $112,000.
The firm notes that while price remains elevated, signs of exhaustion are building. “Consolidation may last,” Swissblock stated, adding, “but one thing’s clear: No breakout without strong fundamentals.”
Bearish Pattern May Be Forming
Swissblock also raised concern over the possible formation of a double-top pattern—a bearish signal that often precedes reversals. The setup involves two failed attempts to break a key resistance level, suggesting that buying power is fading.
If Bitcoin continues to stall without renewed investor inflows, the risk of a breakdown grows. The $100K support level could come under pressure if bulls can’t regain control soon.
Eyes on Fundamentals and Flow
With BTC trading roughly 7% below its recent all-time high, Swissblock emphasized the need for fresh capital and strong fundamentals to push the price higher. Without it, the asset may remain trapped in a tightening range, vulnerable to downside breaks.
For now, the focus remains on whether BTC can reclaim momentum—or fall back into deeper consolidation.
The post Bitcoin Stalls Below $110K as Double-Top Threat Grows appeared first on Coindoo.
Filed under: Bitcoin - @ June 15, 2025 7:00 am