Bitcoin Resistance Test: Can BTC Break Through $106,000?

Bitcoin’s persistent attempt to break through the crucial $106,000 mark has failed for the third time this weekend, sending prices into a sharp decline. This unsuccessful attempt triggered over $600 million in liquidations on order books, resulting in a temporary price drop to the $103,000 range. Despite inflation concerns and market volatility, demand in the spot market remains strong, leading analysts to observe sustained bullish momentum even as trading activity appears calmer. Analyst Mags highlights that the $106,000 level has become a significant psychological barrier, contributing to the current resistance.