TLDR:
- Bitcoin failed to sustain above $108K, triggering a sharp pullback into its trading range.
- Analysts identify a deviation pattern as BTC retreats after briefly breaking resistance.
- Funding rates turned negative, a condition that previously preceded upward price moves.
- BTC remains in a tight $99.6K–$108K range, awaiting a clear breakout or breakdown.
The latest Bitcoin attempt to break out above its $108,000 resistance has failed once more, triggering renewed market caution. The crypto asset briefly moved above this range high but quickly reversed, causing a sharp decline.
Market watchers attribute the move to both technical patterns and macro-driven sentiment shifts. With bulls unable to hold the breakout, traders are once again treating this move as a deviation within a broader range.
As a result, attention shifts to whether Bitcoin can sustain further recovery or remains stuck in sideways movement.
Bitcoin Price Rejected After Failed Breakout
According to crypto analyst Daan Crypto Trades, the Bitcoin price pierced above the $108,386 level on the 4-hour chart before sharply retreating. The chart shows a typical deviation structure, where price briefly escapes a range high only to snap back inside.
Daan noted that this was a clean technical trigger point, but it lacked lasting momentum.
He pointed out that recent macro headlines likely contributed to the rejection. These news developments, although not entirely new, had been building up over the past 48 hours. The failure to hold above the $108K mark signals a lack of bullish control at this key level.
$BTC Saw a clean trigger on that retest of the range high as per the scenario discussed.
Quick move after that which was obviously "helped" by the headlines although the news was looming already with the past 48 hours of headlines which is also why price started selling of… https://t.co/AfRJaDjt01 pic.twitter.com/lf4pPBCNWi
— Daan Crypto Trades (@DaanCrypto) June 13, 2025
The sell-off has brought BTC back into its established trading zone, which spans from approximately $99,600 to $108,000. Daan emphasized that bulls “had no business” revisiting lower levels if the breakout were genuine.
With the price back in range, traders are expected to remain cautious.
He added that unless Bitcoin convincingly reclaims and closes above $108,000, long positions remain risky. This failed breakout acts as a warning for those considering aggressive exposure.
BTC Market Sentiment and Funding Rates
Elsewhere, market analyst Crypto Patel highlighted shifting sentiment indicators.
He observed that Bitcoin’s funding rate has flipped negative again, a pattern seen before major rallies. The 72-hour moving averages also bounced from oversold levels, giving bulls some hope.
$BTC funding rate flips again — is the bounce about to repeat?
Funding dipped negative, and just like the last few times → it’s now reverward.
72H MA/EMA/WMA bounced from oversold with a clear signal — this pattern has triggered major rallies before.
Funding still… pic.twitter.com/toYsK9QCSX
— Crypto Patel (@CryptoPatel) June 12, 2025
Despite that, he pointed out that the funding rate remains below the “overbought” level, suggesting there’s still upside potential. These signals hint at the possibility of another bounce, provided the price action confirms it.
Per CoinGecko, Bitcoin trades at $105,005 at press time, down 2.42% over the past 24 hours.
Over the past week, it has gained 1.70%. For now, the BTC price continues to oscillate within a defined range, awaiting a clear breakout or breakdown. Until the $108K level is reclaimed with volume and conviction, crypto traders remain hesitant to fully re-enter.
