Bitcoin Price Reaches ‘Critical Junction’: Potential Rally to $139K in Sight

Bitcoin is teetering at a crucial price level, with the potential to either rebound toward $139,000 or face further losses. Market sentiment has dipped into fear territory as traders await the next decisive move.

Bitcoin Faces Key Technical Decision Zone

Bitcoin is currently positioned at a critical technical level that could determine its short-term trajectory. Crypto analyst Weslad noted in a recent TradingView analysis that Bitcoin sits at a significant supply zone just above $106,000. A failure to hold above this level could invite renewed downward pressure.

Despite weekend headwinds and continued resistance below $110,000, Bitcoin remains above the demand range of $106,269–$108,715. This zone has historically served as a base for bullish reversals, making it a critical area for buyers to defend if the broader uptrend is to continue.

If bulls maintain control and drive a breakout with momentum, the next move could see Bitcoin testing its all-time high above $124,000, with a possible extension toward the $135,627–$139,616 target zone. Such a rally would represent an upside exceeding 20% from current levels.

Bearish Forces Still Pose Risks

While bullish momentum holds for now, the risk of a bearish reversal remains. Weslad highlights the recent rejection at the $117,000 resistance as evidence that selling pressure is still active. Sustained bearish action could threaten the key support range of $106,269–$108,715.

If bears succeed in pushing the price below this support, Bitcoin could face a sharp decline toward $98,384—a more than 10% drop from its current range. Such a move would also mean breaching the psychologically important $100,000 level for the first time in over three months.

Market Sentiment and Outlook

The broader market sentiment has turned cautious, with the Crypto news Fear and Greed Index slipping into “Fear” territory—the lowest in five months. Traders are closely watching this consolidation phase for clues about Bitcoin’s next significant move.

Bitcoin Price Update

At the time of writing, Bitcoin is trading below $110,000, struggling to gain bullish momentum. The outcome of the battle between bulls and bears at the current demand zone will likely set the tone for Bitcoin’s trajectory going into Q4 2025.