Bitcoin Clings to $105K, Is a Massive Breakout Just Around the Corner?

The Balance of Power (BoP), however, remains negative (around -0.20), suggesting bears still hold some sway in the short term. Unless BoP starts to tick higher, upward moves could face headwinds.

According to analyst Crypto King, Bitcoin is undergoing a volatility squeeze just below resistance at $107,800. “Price holding higher lows, volumes drying up, and RSI cooling off… If we flip resistance this time, the next stop is $120K,” he said.

$BTC showing Calm Before the Storm.$BTC is compressing just below resistance at $107,800 and it is a classic volatility squeeze only.

If you look at Price holding higher lows. Volumes drying up and the breakout is loading. RSI is also cooling off. If we flip resistance this

— Crypto King (@CryptoKing4Ever) June 9, 2025

Finally, the Bitcoin price action, compressing just under resistance, hints at an imminent breakout. Given the cooling RSI and drying volume, this could well be the classic setup for a sharp move. The direction will largely depend on whether Bitcoin can clear and hold above the black resistance trendline ($106,600–$107,800).