Bitcoin's Next Big Move? Critical $103K Resistance Ahead!

Bitcoin has broken out of its recent consolidation range after a classic liquidity sweep at the lows. As marked on the chart (red line), we saw a significant stop-loss hunt below the previous support level, triggering a cascade of liquidations before BTC swiftly rebounded. This move confirmed bullish intent, allowing Bitcoin to reclaim momentum and push back toward the critical psychological level of 100K.

Now, all eyes are on the 103K resistance zone, which is a major confluence area for multiple reasons:

📌 Fair Value Gap (FVG) – This imbalance in price action suggests that liquidity is resting in this region, making it a key level for market reactions.

📌 Fibonacci Golden Pocket (0.618 - 0.65 retracement) – One of the strongest retracement levels in trading, often acting as a magnet for price action before a decisive move.

📌 Historical Resistance – This area has already been tested twice (marked as "First Hit" and "Second Hit" on the chart) and resulted in strong rejections both times.

What’s Next for Bitcoin?
🔹 Bullish Scenario: If BTC can break through 103K with strong volume, we could see a continuation towards 105K - 107K, with a potential extension toward 110K in the mid-term.

🔹 Bearish Scenario: A rejection from this resistance could lead to another pullback, possibly back to the 96K support level or even lower before another attempt to push higher.

Why This Level Matters:
The liquidity structure here is key. Many traders will have short positions stacked at this resistance, and a breakout could trigger a short squeeze, fueling a rapid move higher. However, if sellers overpower buyers in this zone, BTC could struggle to sustain its gains and might need another accumulation phase before making a decisive breakout.

Final Thoughts
This is a critical moment for Bitcoin. Will the bulls break through 103K and continue the rally, or will this level act as a major roadblock once again? Watch this level closely, and let me know your thoughts in the comments!