Bitcoin is hovering near $104,447, struggling to gain traction after failing to break above the $110,000 resistance.
Analytics firm Swissblock says the asset is losing momentum and may be entering a broad consolidation phase between $100,000 and its recent all-time high near $112,000.
The firm notes that while price remains elevated, signs of exhaustion are building. “Consolidation may last,” Swissblock stated, adding, “but one thing’s clear: No breakout without strong fundamentals.”
Bearish Pattern May Be Forming
Swissblock also raised concern over the possible formation of a double-top pattern—a bearish signal that often precedes reversals. The setup involves two failed attempts to break a key resistance level, suggesting that buying power is fading.
If Bitcoin continues to stall without renewed investor inflows, the risk of a breakdown grows. The $100K support level could come under pressure if bulls can’t regain control soon.
Eyes on Fundamentals and Flow
With BTC trading roughly 7% below its recent all-time high, Swissblock emphasized the need for fresh capital and strong fundamentals to push the price higher. Without it, the asset may remain trapped in a tightening range, vulnerable to downside breaks.
For now, the focus remains on whether BTC can reclaim momentum—or fall back into deeper consolidation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-stalls-below-110k-as-double-top-threat-grows/