Bitcoin Gains 0.5% Stalls Near $108,771 Resistance

Bitcoin is currently trading at $107,512, oscillating between key support at $107,379 and resistance at $108,771. The cryptocurrency has experienced a 0.5% gain over the past 24 hours, positioning it just below the critical resistance level. This price action indicates a constricting range, with traders closely monitoring technical indicators for directional cues.

The Relative Strength Index (RSI) on the 1-hour chart stands at 54.69, slightly above the neutral midpoint, suggesting moderate buying pressure without overbought conditions. The MACD readings also reflect a balanced market, with the MACD line and signal line remaining close to each other, indicating minimal momentum in either direction. The histogram lacks sharp divergence, further confirming a phase of consolidation. These technical indicators suggest that Bitcoin's price could remain within the current range unless significant volume or catalysts emerge.

Bitcoin’s current trading position reflects an upward grind that has stalled just short of the previously tested resistance near $108,771. The most recent daily candle shows mild upward momentum, with the price gaining $1,092 from the previous close. However, attempts to break past resistance have so far failed to yield confirmation. The structure on the long-term chart indicates a comprehensive rally that started at around 30,000, which has led to recent validation at the all-time highs. The trend has been maintained, but the price action has gone sideways in the short-term.

The current consolidation forms just under peak levels, where rejection may create short-term pullbacks or additional ranging behavior. Traders now watch for a confirmed break above resistance or a bounce off support as key near-term signals. Bitcoin’s nearest support remains at $107,379, which aligns closely with the lower edge of the current price range. This level has held during intraday dips, offering a short-term buffer during low-volume retracements. Price action remains above this support despite the rejection near resistance, keeping the market in a balanced state.

If volume increases, traders expect faster resolution of the ongoing range. However, until then, both support and resistance levels remain in focus as the price navigates this tight structure. Momentum remains neutral, awaiting direction from either macro signals or internal breakout pressure. The price remains near all-time highs, but lacks volume confirmation for a breakout above resistance. The market tone is neutral, with technical indicators reflecting low momentum and range-bound behavior.