Bitcoin Fails to Sustain $108,386 Breakout, Pulls Back 8.5%

Coin WorldFriday, Jun 13, 2025 4:41 am ET
1min read

Bitcoin's latest attempt to surpass the $108,000 resistance level has once again proven unsuccessful, leading to a sharp pullback and renewed market caution. The cryptocurrency briefly moved above this threshold but quickly reversed, causing a significant decline. Market analysts attribute this movement to both technical patterns and shifts in macro-driven sentiment. With bulls unable to sustain the breakout, traders are now treating this move as a deviation within a broader range, shifting attention to whether Bitcoin can sustain further recovery or remain stuck in sideways movement.

According to crypto analyst Daan Crypto Trades, the Bitcoin price briefly pierced above the $108,386 level on the 4-hour chart before sharply retreating. This pattern is characteristic of a deviation structure, where the price briefly escapes a range high only to

back inside. Daan noted that this was a clean technical trigger point but lacked lasting momentum. Recent macro headlines likely contributed to the rejection, as these developments, although not entirely new, had been building up over the past 48 hours. The failure to hold above the $108K mark signals a lack of bullish control at this key level.

The sell-off has brought BTC back into its established trading zone, which spans from approximately $99,600 to $108,000. Daan emphasized that bulls “had no business” revisiting lower levels if the breakout were genuine. With the price back in range, traders are expected to remain cautious. He added that unless Bitcoin convincingly reclaims and closes above $108,000, long positions remain risky. This failed breakout acts as a warning for those considering aggressive exposure.

Market analyst Crypto Patel highlighted shifting sentiment indicators, observing that Bitcoin’s funding rate has flipped negative again, a pattern seen before major rallies. The 72-hour moving averages also bounced from oversold levels, giving bulls some hope. Despite that, he pointed out that the funding rate remains below the “overbought” level, suggesting there’s still upside potential. These signals hint at the possibility of another bounce, provided the price action confirms it.

For now, the BTC price continues to oscillate within a defined range, awaiting a clear breakout or breakdown. Until the $108K level is reclaimed with volume and conviction, crypto traders remain hesitant to fully re-enter. The current market sentiment is one of caution, with traders closely monitoring technical patterns and macroeconomic developments for any signs of a sustained upward movement.