Bitcoin Nears Capitulation As Price Fails To Breach Downtrend

At the time of writing, Bitcoin trades at $107,734, holding below the $108,000 resistance. The crypto giant has repeatedly failed to break the two-week downtrend line, signaling weakening momentum and growing skepticism among investors.

The formation of lower lows this week is concerning. If Bitcoin cannot reclaim the $110,000 psychological level, the price could slip further toward $105,000 or even lower, amplifying selling pressure. Sustained bearishness could accelerate this move, pushing BTC into deeper correction territory.

However, if Bitcoin manages to regain $110,000 as support, the technical outlook could improve sharply. This would invalidate the downtrend and open the door to a move toward $112,500 and possibly higher. In that case, short-term recovery would be back on the table, but for now, caution remains the dominant theme across the Bitcoin market.