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#BullTrapOuBreakout ā Real rise or disguised trap?
The
#Bitcoin surpassed $112,000, accumulating a valuation of +6.4% in the last 7 days and about +18% in the last month.
But the doubt among traders remains:
š Is it the beginning of a new bull cycle
or
š just another bull trap, about to give back the gains?
š Highlighted technical data:
ā Historical resistance in the range of $114K to $116K
ā RSI at 72: overbought zone?
ā Trading volume increased +22% in the last 24h
ā Whale movements suggest cautious distribution
Some analysts point to targets at $120K, while others talk about a correction down to $105K before another attempt at a rise.
š¬ Whatās your view?
True breakout or bull trap?
Leave your analysis in the comments!
#BTC #Binance $BTC