Bitcoin Roars Past $105K — But Is It the Real Deal or a Market Mirage?
The king of crypto has shaken off the dust and surged past $105,000, igniting excitement across the market as it eyes the elusive $106K resistance. According to Odaily, this marks a multi-month high, setting the stage for what some believe could be the second act of Bitcoin’s 2025 bull run.
But not everyone is popping champagne yet.
Crypto analyst Rekt Capital emphasizes one critical number: $104,500. For this rally to stick, Bitcoin must close the week above that level—turning a fleeting high into a solid foundation. Think of it like planting a flag on new ground; without it, the rally risks slipping back into no-man’s-land.
Meanwhile, liquidity maps show heavy trading volume right around current prices, hinting that bulls and bears are locked in a fierce tug-of-war. If the bulls win, $106K is the next battleground. But if momentum fades? Some cautious traders warn of a “false breakout,” with the potential for a drop back to $102K or lower, sending hearts racing and stop-losses triggering.
So, is this a breakout that cements Bitcoin’s next leg up—or a fakeout designed to trap the overzealous?
$BTC
