Bitcoin has consistently treated the $106,400 mark as a pivotal point in its current trading cycle, serving as both resistance and support. The price has frequently hovered around this level, breaking through during retests and moving toward subsequent channel bands, while drops below have necessitated a recovery phase before any resurgence.
As illustrated in the charts below, the price channels that have significantly impacted Bitcoin since 2024 prominently feature the $106,400 level, denoted by a solid yellow line.
In mid-December 2024, Bitcoin first broke above the $106,000 level after a steady rise from below $100,000. After surpassing it, the price surged to $107,800 but faced a failed retest of $106,400, resulting in a decline back into the mid-$90,000s.
Bitcoin’s price test at $106,400 – December 2024
Fast forward to late January 2025, a similar pattern emerged. Bitcoin approached $106,400 from beneath, encountered a stall, and despite an intraday push into $108,300, failed to maintain the retest.
Despite fluctuations within the channel, the $106,400 level provided structure, with the market repeatedly checking this key point before retreating. This consistency over several weeks highlights its significance for risk management.
Bitcoin’s price test at $106,400 – January 2025
By late May 2025, the dynamics shifted. Bitcoin tested $106,400 twice from the downside and then twice again from the upside, treating it as support on multiple occasions. The price bounced to $111,900 and $110,300 before momentum waned, leading to a gradual decline.
During this period, $106,400 acted as a floor. As long as prices remained above this level, sellers struggled to push below. However, when this level finally broke down by the end of the month, recovery became prolonged, indicating a significant shift in momentum.
Bitcoin’s price test at $106,400 – May 2025
June 2025 further demonstrated the complex interplay of support and resistance at $106,400. After failing to maintain the level mid-month, Bitcoin was rejected multiple times (with one brief breakthrough) before reclaiming and holding it toward the month’s end. This positive response allowed the price to advance toward $108,300 and $109,400.
Bitcoin’s price test at $106,400 – June 2025
This set the stage for Bitcoin’s surge into price discovery territory, ultimately reaching a cycle high of $126,000. The $106,400 mark wasn’t tested again until the dramatic market reaction on October 10 due to a $19 billion tariff shock.
The movement from October to early November 2025 revealed a decisively steep drop from higher price levels, rebounding sharply to around $115,000. Bitcoin’s attempts to maintain its position at $106,400 have been frequent, marking it for the potential eighth test as of the latest update.
Bitcoin’s price test at $106,400 – October to November 2025
The increasing frequency of interactions with this pivotal level is crucial, as it distills various market factors into one manageable reference point. The $106,400 level aligns closely with the median of current trading channels, acting as a liquidity axis for buyers and sellers alike.
When Bitcoin remains above this level, the path of least resistance favors upward movement toward the next clusters. Conversely, losing this level often necessitates rebuilding demand below before buyers can reassert control.
The table below summarizes key interactions with the $106,400 level over time:
| Date Range | Interaction with $106,400 | Immediate Outcome | Next Levels Reached/Tested |
|---|---|---|---|
| Dec 16–22, 2024 | First breakout above $106,000; failed retest of $106,400 | Rejection; drop into mid-$90,000s | $107,800 |
| Jan 20–27, 2025 | Approach from below, stall, failed retest after intraday push | Consolidation beneath the pivot | $108,300 |
| May 19–31, 2025 | Flip from resistance to support; held several times, then lost floor late-month | Bounces then grind lower after the breakdown | $111,900 and $110,300 |
| Jun 9–30, 2025 | Reclaimed and held after multiple failed mid-month tests | Orderly advance; confirmation of pivot | $108,300 and $109,400 |
| Jul–Sep 2025 | Consolidation above; not retested during rally to cycle high | Cycle high formation | $126,000 peak (no contact with pivot) |
| Oct 10–21, 2025 | Tariff shock wick to $106,400; sharp rebound | Bounce toward $115K | $110,000-$115,000 |
| Oct 22–Nov 3, 2025 | Repeated retests of $106,400 (approaching eighth as of press time) | Still holding intraday; increasing risk of loss | Rebounds toward $110K-$115K |
For traders focusing on pivotal levels, the strategy is clear: a confirmed breakout and retest above $106,400 would lead to heightened attention on the upward clusters around $107,800, $108,300, $109,400, and $110,500, all marked by dashed yellow lines in our framework.
Should the price fail to maintain this pivot, attention will shift back to the downside levels around $105,500, $104,500, and $103,800, where liquidity has consistently been found during downturns.
This analytical structure does not aim to predict the market’s direction but rather emphasizes areas where trading quality tends to improve and invalidation levels are clear. The response to moving averages or momentum signals is always reconciled with respect to the $106,400 level.
Throughout times of shifting momentum while remaining above $106,400, the potential for climbing toward higher prices typically remains feasible. However, if the market cannot reclaim or hold this crucial figure, the focus remains on buyers to prove their strength until acceptance returns.
The repeated interactions with the $106,400 level signify not just its importance as a price point but as a critical balance point in this trading cycle, guiding traders in their future strategies.
Bitcoin Market Data
As of 10:34 am UTC on Nov. 3, 2025, Bitcoin is ranked as the number one cryptocurrency by market capitalization, experiencing a 2.99% drop in the past 24 hours. Its market cap is approximately $2.14 trillion, with a trading volume of $45.09 billion.
Crypto Market Summary
The total cryptocurrency market valuation is approximately $3.59 trillion, with a 24-hour trading volume of $142.81 billion. Bitcoin’s dominance stands at 59.66%.