BTC at All-Time Highs: The 3 Support and Resistance Zones That Matter Most

Bitcoin (BTC) surged past $125,000 on Sunday, hitting a new all-time high and extending its weekly gain to 11.5%, according to CoinDesk data. With BTC now trading in uncharted territory, traders are focusing on several critical technical levels that could define near-term price action.

$126,100 – Immediate Resistance

The $126,100 zone represents the upper edge of an expanding range pattern that has been forming since mid-July. This trendline — connecting the July 15 and August 14 highs — serves as a potential short-term resistance. A reversal from this area could trigger a pullback toward the range’s lower boundary, near $120,000, defined by the August 3–September 1 lows.

$135,000 – Market Maker Activity Zone

If BTC breaks cleanly above $126K, analysts expect price action to gravitate toward $135,000, where Deribit options data from Amberdata shows market makers holding a net long gamma position. In this setup, liquidity providers typically buy into dips and sell into rallies to maintain neutrality, often muting sharp volatility. As a result, the $135K level may function as a stabilizing resistance point in the short term.

$140,000 – Options Magnet and Major Resistance

The $140,000 mark is shaping up as a pivotal psychological and technical barrier. Deribit data shows the $140K call strike as the second-largest open interest on the exchange, with over $2 billion in notional value. These large clusters of open interest often act as price magnets, but they can also create resistance as institutional call sellers hedge exposure to keep BTC below that level.

Market Outlook:
While bitcoin’s latest breakout underscores renewed institutional inflows and optimism around spot ETFs, traders warn that the region between $126K and $140K could remain volatile as the market digests heavy derivatives positioning. Sustained closes above $126,000 could open the path toward $135K–$140K, but failure to hold that level risks short-term consolidation back toward $120K.