Bitcoin’s “Stair-Step” Run Meets $120 M Resistance at $105K
Bitcoin has advanced in measured bursts from $75 K to $104 K since April 9, but fresh order-book data show bulls must now absorb roughly $120 million in stacked sell orders before the next push higher.
- Price action: BTC has printed a textbook stair-step pattern—surges followed by tight ranges at $83-85 K, $92-96 K, and, since May 10, $101-105 K.
- Current quote: $103,162.90, up about 38 % over five weeks.
- Sell wall: Analytics firm Kiyotaka.ai flags nearly $50 M in limit sells at $104,800 and another $70 M at $105,000 across Binance, Coinbase, OKX, and other major spot-plus-perp venues.
- Why it matters: Limit sells above market create temporary ceilings; buyers must clear this inventory to renew the uptrend.
- Bigger picture: Macro tailwinds and momentum gauges still tilt bullish, implying today’s barrier is more speed bump than brick wall.
Until those orders are eaten through, expect price to ping-pong inside the six-figure band—but history shows these walls rarely last when bid depth stays firm.
