- Bitcoin rose from $104,500 to $108,495 and now trades close to the $109K zone filled with resistance signals.
- The $109517 mark includes a breakdown point, a Fib level, and an upper VWAP band from a past range on the chart.
- Traders expect price action to either reject from this level or break through toward the prior high at $110646.
Bitcoin is testing a critical resistance near $109,000 after an aggressive rally from the monthly open created a visible price gap.
According to data shared on TradingView and commentary from a top crypto trader, Bitcoin’s current move is approaching an important cluster of technical barriers. The price chart shows a significant run-up, which is now entering a dense confluence zone defined by volume, Fibonacci levels, and VWAP indicators. This development may affect short-term trading behavior and broader market sentiment.
Resistance Zone Builds Near $109K as Price Rallies
Bitcoin has moved sharply from the $104,500 support level toward a high of $108,495 as shown in the current hourly chart. This upward push now meets a resistance level ranging from $109,000 to $109,517.
This resistance range includes the upper edge of the Monthly VWAP bands, which many traders use to identify price extremes. Additionally, it marks the value zone of a previous distribution range and the breakdown point from earlier sessions.
Within the highlighted resistance area, the chart overlays show a point of volume imbalance. That level matches closely with a 0.75 Fibonacci retracement. The alignment of these variables suggests a strong zone of supply and possible rejection.
Volume and Structure Point to Profit-Taking and Scalping
A visible gap around the monthly open created a demand block that now serves as support. That zone formed near $104,500 and has supported the current rally. Traders watching the volume profile may view this area as structurally important.
The sharp rise above $108,000 came with aggressive momentum. However, the chart suggests the $109K range may act as a ceiling unless volume breaks out convincingly above the previous high near $110,646.
The crypto trader who posted the chart indicated an active trading approach. He said he is willing to scalp shorts around the resistance zone while taking profits on long positions. This strategy reflects caution as the rally meets key resistance levels.
For traders seeking alternative setups, the commentary suggested using shorts on assets like ETH or smaller altcoins. These setups may be preferred for their volatility and wider stop-loss flexibility. This diversification may help manage risk if Bitcoin holds above current levels.
Can Bitcoin Break Above $109K or Will Resistance Push Price Back?
The critical question now is whether Bitcoin has the momentum to clear the $109K resistance zone and reclaim recent highs. This area includes multiple signals of historical resistance and technical significance. If price fails here, traders may anticipate a retracement toward $106K or even lower support near the monthly open.
Market observers will closely watch how price reacts at the upper VWAP band and the range breakdown point. The presence of sell volume or rejection wicks could signal exhaustion and a pending reversal.
However, a clean breakout above $109,517 would likely attract momentum traders and possibly reopen bids toward the $111,000 mark. This zone, marked on the chart, represents the high from the last major swing and would serve as a natural upside target.
