Bitcoin handled $106,400 as a pivot for the complete present cycle, performing as each resistance and assist.
Value repeatedly clustered across the stage, cleared the extent on retests, and expanded in direction of the following channel band, however beneath that stage typically required a restore section earlier than transferring ahead.
My chart beneath reveals the value channel that has had essentially the most impression on Bitcoin because the starting of 2024, with $106,400 highlighted as a strong yellow line.
In mid-December 2024, the value breached $106,000 for the primary time after rising steadily from the sub-$100,000 area. After clearing this stage, the value approached $107,800, however failed the retest of $106,400 and fell to the mid-$90,000s.
The same sample with extra back-and-fills occurred in late January 2025. Bitcoin hit $106,400 from the underside, however then stalled. The follow-through noticed the intraday worth rise to the $108,300 vary, nevertheless it as soon as once more failed the retest.
Regardless of the noise inside the channel grid, the $106,400 inflection level organized the transfer and the market checked the extent repeatedly earlier than transferring decrease. This line is helpful for danger administration as a result of this habits is constant over the week.
By late Could 2025, the connection had reversed. Value examined $106,400 from the underside twice, then from the highest two extra occasions, after which used this stage as assist a number of extra occasions.
The rebound rose to $111,900 and $110,300, however the momentum misplaced on the sixth retest and additional decline started.
Throughout this era, $106,400 moved like a flooring. Sellers couldn’t push the following decrease band in measurement so long as the closing worth was above it. When that flooring lastly collapsed by the tip of the month, restoration would take even longer, reinforcing the concept that dropping the pivot would change the tempo.
June 2025 as soon as once more confirmed assist and resistance options.
After falling beneath this stage in mid-month after which being rejected 4 extra occasions (one intraday breakout), Bitcoin lastly regained $106,400 on the finish of the month, holding a number of intraday highs and rising to $108,300 and $109,400.
The response after every retest is orderly, which is usually the case when extensively famous pivots are revered. Merchants who have been ready for affirmation on the road had an express void if the value fell beneath $106,400, and a transparent goal within the higher bands if it held.
This despatched Bitcoin into worth discovery territory, ultimately reaching a cycle excessive of $126,000. The $106,400 stage was not examined once more till October 10, when President Trump’s $19 billion in commerce tariffs disappeared.
The sequence from October to early November 2025 reveals the opposite aspect.
A decisive drop from increased ranges took it to $106,400 earlier than a pointy rebound in direction of $115,000. Bitcoin has tried to take care of its pivot a number of occasions, and on the time of writing is on its eighth try.
Up to now, every time the value has touched $126,000 and examined $106,400, the value has shortly rebounded in direction of $110,000 and $115,000.
Ominously, Bitcoin has by no means held $106,400 after eight retests.
These iterative interactions are essential as a result of they compress complicated units of variables right into a single reference.
$106,400 is situated in the course of the present channel pack on the displayed framework, which means it’s situated close to the honest worth axis the place each consumers and sellers discover liquidity.
If the value accepts above this stage, the trail of least resistance will transfer to the following higher cluster. When a worth is rejected or loses its stage, the market typically has to restructure beneath individuals earlier than consumers regain management.
The general screenshot sample may be summarized as follows:
| date window | Interplay with $106,400 | speedy outcomes | The next bands have been reached/examined |
|---|---|---|---|
| December 16-22, 2024 | First breakout above $106,000. $106,400 failed retest | It was rejected and the value dropped to the mid-$90,000 vary. | $107,800 |
| January 20-27, 2025 | Approached from beneath, stalled, failed retest after rising in the course of the day | Consolidated underneath pivot | $108,300 |
| Could 19-31, 2025 | Flip from resistance to assist. It was held a number of occasions, however misplaced its seat on the finish of the month. | Bounce after breakdown and grind low | $111,900 and $110,300 (earlier than falling beneath) |
| June 9-30, 2025 | Mid-month check recalled and placed on maintain after a number of failures | Verify orderly advance and pivot | $108,300 and $109,400 |
| July-September 2025 | Integration of the above. Not retested throughout rally to cycle excessive | cycle excessive formation | Peak $126,000 (no contact with pivot) |
| October 10-21, 2025 | Value rises to $106,400 as a consequence of tariff shock, then rebounds sharply | Bounce in direction of $115,000 | $110,000 – $115,000 |
| October twenty second – November third, 2025 | $106,400 in repeated retests (closest to eighth at time of writing) | Nonetheless held in the course of the day, however danger of loss will increase | Rebound in direction of $110,000-115,000 |
The technique is straightforward for merchants who map selections to ranges.
As soon as the value is confirmed on retest above $106,400, consideration naturally shifts to the following overhead cluster round $107,800, $108,300, $109,400, and $110,500. These clusters line up with the yellow dashed rungs of the seen ladder.
Failure to interrupt out of the pivot will return focus to the draw back stacks round $105,500, $104,500, and $103,800, the place the market has repeatedly discovered liquidity throughout breakdowns.
This framework doesn’t predict course. Defines areas the place execution high quality tends to enhance and the place invalidation is evident.
This stage additionally helps reconcile conflicting alerts from momentum and funds.
In durations the place momentum modifications however the worth continues to be above $106,400, the trail to increased bands typically stays open so long as the pivot holds.
In periods the place derivatives positioning seems congested however the market is unable to regain its stage, the burden of proof stays on the client till acceptance returns. The result’s a realistic method to managing publicity with out over-fitting short-term metrics.
None of those assign any particular standing to a single quantity past its repeated use within the present construction. Markets evolve and pivots shift as distribution modifications.
Nevertheless, the channels on the chart point out intraday assist and resistance ranges which were round for nearly two years now.
The $106,400 worth lies within the tape you come to many times, the reactions that type round it, and the readability it offers to plan your subsequent commerce.
Due to this fact, $106,400 seems to be performing as a stability level for the cycle and worth continues to deal with it properly.
On the time of press November 3, 2025 10:34 AM UTCBitcoin ranks first by way of market capitalization, and the value is underneath 2.73% Over the previous 24 hours. Bitcoin market capitalization is $2.14 trillion The buying and selling quantity for twenty-four hours is $45.61 billion. Be taught extra about Bitcoin ›
On the time of press November 3, 2025 10:34 AM UTCthe worth of the complete cryptocurrency market is $3.59 trillion in 24 hour quantity $142.83 billion. Bitcoin’s dominant standing is at present 59.64%. Be taught extra concerning the cryptocurrency market ›
