#BitcoinPriceAnalysis

Bitcoin at a Crossroads: Will $109K Support Hold or Break?
The crypto market is once again standing at a critical juncture. According to Glassnode’s latest data, Bitcoin is currently retesting the $109K support zone a level that has played a key role in maintaining bullish momentum over the past few weeks. Many traders see this as the defining moment that could determine whether BTC prepares for a rebound or slides into a deeper correction.
From a technical perspective, $109K is more than just a number it’s a psychological and structural pivot point. The 4-hour chart shows multiple bounce attempts around this level, with strong buying activity from both retail and institutional wallets. On-chain data reveals increasing accumulation by long-term holders, while exchange inflows have slightly decreased, hinting that fewer traders are preparing to sell. These are subtle but positive signs that buyers might be stepping in to defend this zone.
However, the pressure from macro conditions can’t be ignored. The market is waiting for clarity from upcoming Fed policy discussions and economic data releases, both of which could inject volatility. If the U.S. dollar strengthens or Treasury yields spike again, Bitcoin could face temporary selling pressure. But if sentiment shifts toward risk-on assets, BTC could quickly reclaim the $112K–$115K range in the short term.

My View: I believe Bitcoin still has the strength to hold above $109K and potentially bounce toward $114K within the next 24–48 hours, especially if buying volume increases near the lower support band. The market has shown resilience before, and this consolidation might just be the calm before the next upward move.
In short, this moment could be a make-or-break point for short-term traders but for long-term believers, it’s another reminder that volatility is simply part of Bitcoin’s journey to higher highs.
So, what’s your take will BTC defend the $109K support and rebound, or are we heading for another leg down? Let’s discuss your insights below