Bitcoin at $100K: The Final Push or a Looming Reversal?
Bitcoin's relentless rally continues to defy expectations, blasting past key levels with breathtaking momentum. Now approaching the critical $105K resistance, traders face a pivotal moment—will this surge sustain, or are we nearing an inevitable pullback?
### **The $105K Battlefield**
This level represents more than just another price point—it's where:
- **Massive short liquidations** occurred between $92K-$94K, fueling the current rally
- **Psychological resistance** meets technical selling pressure
- **Profit-taking** could trigger a wave of exits from overextended longs
### **Market Sentiment: Overheated**
While bulls celebrate, warning signs flash:
- The move has been **parabolic**, increasing correction risks
- Short sellers are **licking their wounds but waiting for revenge**
- **Greed is creeping in**—the most dangerous emotion in bull markets
### **Strategic Approach**
1. **For Longs:** Consider taking partial profits near $105K
2. **For Short Seekers:** Wait for confirmation of rejection (e.g., bearish reversal patterns)
3. **For Hodlers:** Stay disciplined—volatility works both ways
### **The Big Question**
Is this:
- The **last gasp before consolidation**, or
- The **launchpad for $110K+**?
**One truth remains:** At these altitudes, every move carries amplified risk. Trade with precision, not emotion.**
*Current Key Levels:*
- **Immediate Resistance:** $105,000
- **Support Zones:** $100K (psychological), $97K (technical)
- **Sentiment Gauge:** Overbought conditions warrant caution
The Bitcoin rocket has no brakes—but even rockets need to refuel. Whether that means a controlled descent or an explosive correction remains to be seen. Stay sharp.
