Bitcoin is holding strong near multi-month highs around $105K — but analysts say the weekly close above $104.5K is crucial to confirm a breakout.
Rekt Capital suggests BTC is on the edge of "Price Discovery Phase 2" — but failure to hold could trigger a fakeout.
Order book data shows major resistance just below $106K, with buyers stacked down to $102K.
Not everyone’s bullish.
Popular trader HTL-NL warns this might be a UTAD — a trap, not a breakout.
Meanwhile, Il Capo of Crypto calls this a time to reduce, not add. He warns BTC could fully retrace if this is just a correction within a broader downtrend.
What do you think — breakout or bull trap?
Drop your take 👇
