CryptoBTC

$BTC Bitcoin has officially broken above its previous all-time high of $109K, establishing a new peak around the $112K region. This breakout underscores strong buyer interest and highlights the bullish sentiment that continues to fuel this cycle.

However, the recent price action suggests that bullish momentum is softening, with $BTC BTC beginning a minor pullback toward the broken $109K level. This area now acts as a crucial support zone. If renewed demand materializes at this level, $BTC Bitcoin could resume its upward trajectory toward the $115K mark and potentially higher.

Conversely, if selling pressure intensifies and the $109K level fails to hold, a deeper correction may unfold. In this scenario, a retest of the psychological $100K support becomes increasingly probable, potentially classifying the breakout as a bull trap, shaking investor confidence, and introducing volatility in the short term.

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