BTC Bulls Hit $120M Wall as Gradual Uptrend Faces Pressure

Bitcoin Bulls Hit $120M Sell Wall as Rally Pauses Near $105K

Bitcoin’s sharp rise from $75,000 to $104,000 over the past five weeks has formed a classic “stair-step” rally, but momentum is now slowing as bulls run into a dense pocket of sell orders just above current levels.

Currently priced at $103,162.90, Bitcoin is up nearly 38% since April 9, fueled by cooling global tensions and renewed interest from institutional investors. Each leg higher has been followed by a phase of consolidation—first between $83K–$85K, then $92K–$96K, and most recently between $101K and $105K since May 10.

According to data from Kiyotaka.ai, the next breakout will require bulls to overcome roughly $120 million in sell-side liquidity. That includes $50 million in limit sell orders at $104,800 and another $70 million at $105,000, spread across top exchanges like Binance, Coinbase, OKX, and Bybit.

These resting orders represent key resistance levels. Limit sells, placed above market, signal where sellers are looking to take profits or exit. As Bitcoin approaches these prices, market buyers will need to absorb that supply to push the asset higher.

Kiyotaka.ai compiles order book heat maps from both spot and perpetual futures markets, offering a near-real-time look at where pressure is building. The data suggests heavy profit-taking is expected as BTC nears its all-time high range.

Still, technical and macro signals lean bullish. Trend strength remains intact, and analysts point to the path of least resistance continuing upward, meaning current resistance zones may be temporary.

In short, Bitcoin’s uptrend remains intact—but cracking the $105K level is the next big test for market momentum.