Bitcoin Price Analysis 29.10.25: Support Holds at $108K as Bulls Target $120K Breakout

Bitcoin is holding above its $108K support zone as the market consolidates near the upper channel. A breakout above $115K could trigger the next leg toward $120K–$123K, but failure to sustain this level risks a pullback to $104K.

🟩 Key Support and Resistance Levels

• Immediate Support: $108,000 – $110,000
  This area has acted as a strong base throughout October. A sustained close above this range maintains bullish momentum.
• Secondary Support: $104,000 – $106,000
  A break below this level would invalidate the short-term bullish setup and open the door toward $100K.
• Resistance Zone: $115,000 – $118,000
  Breaking through this upper channel could confirm a bullish continuation toward $120K – $123K.

📊 Market Context and Outlook

Bullish Scenario:
If BTC closes the week above $115K, the next target range sits between $120K and $123K, aligning with Fibonacci extension levels and the top of the parallel channel.

Bearish Scenario:
If Bitcoin loses the $108K support, price may retest the $104K – $106K area — and potentially slide to $100K before finding new buying interest.

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