Bitcoin Faces $105K Resistance as Bulls Aim for New All-Time High

In Brief:

Bitcoin order books show $120M in resistance near $105K, with $70M of sell orders stacked at that level.

Price has climbed 38% from $75K since April 9 amid easing trade tensions and institutional inflows.

Bitcoin bulls are preparing to push past a critical resistance level at $105,000, as order book data signals a large buildup of selling pressure just below this threshold. According to Coindesk analyst Omkar Godbole, nearly $120 million in sell orders are stacked across major exchanges, with $50 million clustered at $104,800 and $70 million at $105,000.

The resistance comes after a strong upward trend from $75,000 to $104,000—a 38% gain since April 9—driven by easing U.S. trade tensions and increasing participation from large-scale investors. Godbole describes the price action as a “step-by-step” climb, where each breakout is met with consolidation before the next leg up.

Data from Kiyotaka.ai shows that the aggregate order book becomes increasingly dense above the $105K range, indicating that many traders are looking to take profits near the previous highs. However, macro and technical indicators both suggest that the path of least resistance remains upward, and bulls are expected to eventually absorb the sell-side liquidity.

If Bitcoin successfully clears the $105K barrier, it could open the door for a renewed rally and potential move toward new all-time highs.

‍