- The Bitcoin price sits at 98K CHF and is now testing a zone that has blocked bulls since December 2024.
- If BTC breaks above the 99K CHF resistance area, it may quickly rally toward the 107K and then 121K levels.
- The chart shows this third breakout attempt could bring bullish momentum if the zone finally gives way.
Bitcoin is testing a major resistance zone against the Swiss Franc (CHF), sparking discussions among traders and analysts. A chart posted on July 28, 2025, shows BTC/CHF approaching the 99,134.6 level. This zone marks a major barrier where price has repeatedly faced rejection in previous attempts.
The price currently sits at 98,097.9 CHF, just below the green resistance area between 96,000 and 99,000 CHF. According to market analysis, this level has acted as a strong ceiling since December 2024. The zone was tested multiple times, each followed by significant pullbacks, adding weight to its technical relevance.
A possible breakout above this green resistance band could lead to further bullish momentum for Bitcoin. Fibonacci extension levels suggest the next potential targets are 107,814.4 CHF (1.236 extension) and 121,863.8 CHF (1.618 extension). If Bitcoin clears the current zone, these levels might come into play in the coming weeks.
Price Movements Signal Growing Strength in BTC
From August 2024 to January 2025, BTC saw a sharp rise before getting rejected at the current resistance zone. The sell-off in early 2025 pushed the price down near 62,356.1 CHF, a key support marked on the chart. However, Bitcoin recovered steadily, forming higher lows and attempting to break resistance again by late July 2025.
This third attempt to breach the 99,000 CHF level marks a significant technical development. Historically, multiple retests increase the probability of a successful breakout. The presence of volume and bullish daily candles adds to this scenario’s validity, though the price remains just below the threshold.
The chart also includes Fibonacci retracement and extension tools, with notable horizontal targets above current levels. These align with long-term bullish projections should the breakout be confirmed. Market participants appear to be aligning with this outlook, judging by increasing interest and engagement on social platforms.
Trader Sentiment Leans Toward Bitcoin Over CHF
The chart and commentary were shared by Caleb Franzen, a financial analyst with a strong following. His post, which received over 19,800 views, suggests, “If you own Swiss Francs, you might want to sell them for Bitcoin .” This sentiment was echoed by others who see CHF losing its relative strength against BTC.
Another commenter pointed out that CHF remains the strongest fiat at the moment, but even so, Bitcoin’s strength may outweigh it. The ongoing price action reinforces this debate, with BTC inching toward a possible bullish breakout against the franc.
Social users referenced broader macro conditions and relative fiat performance. One noted that the Swiss Franc has held up well against Euro, Pound, and USD over the past five years. However, others argued that digital assets like BTC now offer superior potential, particularly with inflation concerns and traditional fiat devaluation.
Could Bitcoin finally displace the Swiss Franc as the premier store of value in the eyes of investors?
