The post ‘Ignoring Bitcoin for 17 Years Is the Spookiest Thing,’ Says Metaplanet’s Phil Geiger appeared on BitcoinEthereumNews.com. According to CoinDesk Research’s technical analysis data model, bitcoin BTC$110,138.51 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels. Technical analysis highlights Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing. Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase. Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned. Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling. What the patterns mean Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds. Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded. Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset. Support and resistance map Support: $106,400 first, then $103,000 as a deeper demand zone. Resistance: $110,700 to $114,500 as the near-term cluster. Larger cap: $117,500 remains the level the model has flagged repeatedly since August. Volume picture Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window. Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying. After the test: Activity cooled as trading compressed into a tight band. Targets and risk framing If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions. If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000… The post ‘Ignoring Bitcoin for 17 Years Is the Spookiest Thing,’ Says Metaplanet’s Phil Geiger appeared on BitcoinEthereumNews.com. According to CoinDesk Research’s technical analysis data model, bitcoin BTC$110,138.51 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels. Technical analysis highlights Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing. Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase. Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned. Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling. What the patterns mean Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds. Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded. Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset. Support and resistance map Support: $106,400 first, then $103,000 as a deeper demand zone. Resistance: $110,700 to $114,500 as the near-term cluster. Larger cap: $117,500 remains the level the model has flagged repeatedly since August. Volume picture Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window. Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying. After the test: Activity cooled as trading compressed into a tight band. Targets and risk framing If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions. If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000…