Bitcoin Consolidation at Key Resistance Could Decide Next Bull Run

06-Sep-2025
bitcoin
  • Bitcoin is holding steady as it nears a critical resistance level that could determine its next major move.
  • Technical analysts warn that failure to break this level may trigger a short-term correction, while a clean breakout could signal the start of a new bull market cycle.
  • Influential figures like Jack Dorsey continue to endorse BTC, sparking renewed discussions about its potential to reshape the financial system.

Bitcoin is consolidating near a key resistance level that could shape its next major move. A breakout may trigger a new bull cycle, while rejection risks a correction. Jack Dorsey’s bold claim that BTC could “replace the financial system” has reignited debate, keeping BTC in the spotlight for investors and market watchers.

Currently, BTC is trading at $111,104 with a 24-hour volume of $62.31 billion and a market capitalization of $2.21 trillion. During the last 24 hours, BTC went down by -0.33%, indicating a minor correction following the surge in the recent past.

Source: CoinMarketcap

Jack Dorsey Says Bitcoin Could Replace Finance

A well-known crypto analyst, Bitcoin Hopium, highlighted that billionaire Jack Dorsey just proclaimed that Bitcoin will “replace the financial system.” The statement renewed the BTC future potential discussion. Many in the crypto space have been waiting and watching to see if such a bold forecast will influence market trends.

Also Read | Bitcoin Shows Steady Gains but Faces Key Resistance Challenges

Bitcoin Doubles Signals Next Bull Cycle

Renowned crypto analyst More Crypto Online explained that BTC now costs twice as much as it did a year ago. This record rise confirms the enduring interest in BTC, beyond short-term fluctuations in price.

Technically, BTC is at a significant level on the 365-day chart of the ROI, marked by a yellow trendline. The line has, in the past, often marked cycle tops and is therefore a significant level of resistance. Failure for BTC to surmount it in the near term would lead to a correction. A decisive break, by contrast, would initiate a new rising cycle.

Source: X

With technical price gains and high-profile endorsements, BTC remains in the limelight for market observers and long-term investors. Technical analysts have advised particular attention to key support and resistance levels, as they can act as BTC’s next big directional catalyst.

Also Read | Bitcoin’s Bullish Momentum at Risk: Can BTC Overcome $113,500 Resistance?

Also read: XRP Price Dips In Uncertain Trading Conditions & Retail Interest Crowds Into Rollblock’s Rapidly Growing Presale
WHAT'S YOUR OPINION?
Related News