Bitcoin Retests $103K Golden Line as Bulls Eye Daily Close Above Key Level

Bitcoin is retesting the $103K golden line, where a close above it would confirm strength and support continuation of the bullish trend.

Price bounced from the FVG zone, aligning with the golden pocket and reclaimed the weekly level, showing strong buyer presence around key supports.

If Bitcoin reclaims the midline and monthly level, a monthly close above could push the asset toward a potential new all-time high soon.

Bitcoin is currently retesting the $103,000 golden line following a breakdown, as traders closely monitor whether the price can close above this critical level.

Bitcoin Undergoes Stress Test at the Golden Line

According to DrProfitCrypto, the golden line at $103,000 marks a decisive point for Bitcoin’s current trend. After breaking below this level yesterday, the asset is now retesting it. This phase is being viewed as a stress test for Bitcoin. The daily candle must close above the golden line to confirm strength for bullish continuation.

Traders consider this level a pivot between continuation of the recent breakdown or recovery toward higher levels. A close below may reinforce bearish sentiment, while a successful close above could renew confidence in further upward movement.

The golden line's relevance has increased amid rising volatility and a shift in market direction. How Bitcoin reacts to this level may influence near-term price structure.

Bitcoin Bounces from FVG Zone and Reclaims Weekly Level

SharksSignals highlighted that Bitcoin bounced perfectly from the Fair Value Gap (FVG) zone. The move also aligned with the golden pocket retracement zone between the 0.618–0.66 Fibonacci levels, and the bottom of a broader trading channel.

This strong reaction drove the price back above the weekly level, signaling strength. Now, the midline of the channel may serve as resistance on lower timeframes. If Bitcoin prints a higher low near that level, it could build a base for the next leg upward.

Should Bitcoin reclaim the midline and the monthly level, and if the monthly candle closes above that point, analysts expect the asset to aim for a new all-time high as early as next month.

Bitcoin Price Holds $105K with Rising Volume

Bitcoin was trading at $105,666 as of writing, recording a 2.57% increase over the past 24 hours. The 7-day gain stands at 1.80%. The average volume of the day turned out to be 42.34 billion dollars which shows that there is the increased interest on important support and resistance areas.

Analysts continue to focus on the golden line at $103,000. A confirmed daily close above this mark would validate recovery efforts and maintain bullish momentum. The current market structure suggests strong buyer activity near critical technical zones.

The post Bitcoin Retests $103K Golden Line as Bulls Eye Daily Close Above Key Level appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.