Can Bitcoin Price Hit $103K As Analyst Sees Key Support Zone?
The post Can Bitcoin Price Hit $103K As Analyst Sees Key Support Zone? appeared on BitcoinEthereumNews.com.
In the latest session, Bitcoin price traded near a major resistance band in the mid-$90,000s. The token traded around $95,000 at the time of writing as BTC traders watched an unfilled CME gap near $92,000. Bitcoin Price Tested Key Futures Gap The CME gap formed when BTC futures on the Chicago Mercantile Exchange reopened after a weekend. Traders often watched such gaps because price sometimes returned to that level to close the difference. Independent analysts said the current gap near about $92,000 shaped short term expectations. Market watcher Ted, known on X as @TedPillows, said Bitcoin would likely visit that level before any stronger rebound. Additional commentary came from trader Lennaert Snyder, who shared a chart highlighting the same imbalance zone and emphasizing how tightly the current structure sat between gap support and upper-range resistance. Chart layouts that circulated among traders showed resistance building between roughly $99,000 and $111,000. For short term participants, the Bitcoin price now sat between that upper band and the futures gap below. Some analysts described that range as the start of a deeper correction. Others saw it as a normal retracement inside a longer term advance. That setup placed short term traders in a tight band with clear invalidation levels. Spot trading volume stayed active, and BTC held a market value above about $1.8 Trillion. Analysts said that backdrop still supported scenarios in which price revisited the $101,000 to $103,000 region after any test lower. Beyond the futures gap, analysts watched a wider support band between roughly $88,000 and $90,000. For many, that zone served as the next destination if futures driven selling continued. Bitcoin Price Approached Deeper Weekly Support Weekly charts showed a rising trendline from mid 2024 that passed through that zone. Price had bounced near that line several times during the past…
Filed under: News - @ November 16, 2025 9:22 pm