Bitcoin (BTC) Bulls Eye $110,700 Breakout as Price Action Tightens

TLDR:

• Bitcoin must close above $110,700 to confirm a bullish breakout, say top market analysts.
• A rising wedge pattern may guide BTC’s next move, with $105,700 as downside support.
• Daily volume dropped 15%, signaling lower participation despite a strong weekly price gain.
• Historical model forecasts Bitcoin peaking at $275K by October 2025 after the current cycle.

Bitcoin continues to trade near key resistance as traders anticipate a potential breakout. The BTC price recently reclaimed important levels and briefly tapped a bearish order block. Momentum remains strong, but volatility is likely to rise in the coming days. 

Market analysts highlight $110,700 as the critical threshold for a possible upward move. A higher-timeframe close above this level could signal the start of a sustained rally.

BTC Price Approaches Key Resistance at $110,700

Crypto strategist Crypto Patel suggested that Bitcoin’s bullish order block and filled fair value gap form a strong demand zone. He emphasized that if Bitcoin closes any high-timeframe candle above $110,700, the market may continue climbing without further pullbacks.

#BITCOIN BULLS ARE NOT DONE YET $BTC just tapped the Bearish Order Block after reclaiming key levels.
Bullish OB + FVG filled below = STRONG demand zone.
Market structure looks primed for a HIGHER LEG

But here’s the KEY:
If BTC/USDT closes any HTF candle above $110,700 →… pic.twitter.com/uzdogco9i2

— Crypto Patel (@CryptoPatel) June 11, 2025

The area near $110,700 has remained untouched since the May 27 swing high. 

According to analyst Zen from WiseAnalyze, this level contains high liquidity from stop-loss orders and buy stops. He noted that this zone is likely to be tested again, as buyers and sellers converge near resistance.

Zen also pointed out two potential short-term scenarios: Bitcoin could either stay within the $108,400–$110,700 range or dip toward $105,700. He referenced a rising wedge pattern visible on higher timeframes, which may guide the next move.

Bitcoin Daily

The May 27th swing high at $110,700 was not surpassed during the recent bullish impulse, indicating significant liquidity above this level from both stop-loss orders and stop-market buys. This suggests a near-certain retest of this level in the future.

The… https://t.co/oMF80pxR19 pic.twitter.com/uktTRCJcMp

— Zen (@WiseAnalyze) June 11, 2025

He added that the current three-day candle looks bullish, and if the next closes positively, BTC could challenge the all-time high. However, a rejection at resistance would likely push the price down toward the wedge’s lower support.

Bitcoin Price and Volume Trends Signal Caution

At the time of writing, CoinGecko data showed Bitcoin trading at $109,780. BTC posted a 0.55% gain in the last 24 hours and a 4.56% rise over the past week. 

However, daily trading volume dropped by over 15%, reflecting a decline in market participation.

The liquidation heatmap, according to Zen, indicates potential short-term volatility, with clusters of liquidation points above and below current levels. Areas of interest include $110,730 and $111,200 above and $108,133 and $106,640 below.

Analyst Javier Santini shared a historical cycle analysis pointing to October 13, 2025, as the next potential bull market peak. 

His model projects a BTC price of $275,000 at the top, based on previous halving cycles and macro patterns. The chart also forecasts the bear market ending one year later, in October 2026.

This long-term view contrasts with earlier predictions that Bitcoin would peak in 2024. While short-term volatility remains, many traders are watching $110,700 as the next major decision point.

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