Is Bitcoin Faking Us Out at 110K? False Breakout or Rocket Fuel?
What’s next after Trump’s tariff shocker?
$BTC just hit a new all-time high of $111,900 — but the celebration didn’t last long. Trump’s surprise announcement of 50% tariffs on the EU has stirred the global markets!
BTC/USDT: 107,727.27 (+0.14%)
Resistance ahead… or just a pit stop before liftoff?
Here’s what’s happening:
Markets initially dipped after the news but quickly bounced back. Still, the risk background is heating up — stocks and crypto could slide if this escalates. Gold may shine again as a safe-haven asset.
Technical Picture:
Bitcoin is showing signs of a false breakout above the 110K resistance — a key level tied to its previous ATH.
A bearish momentum is forming, matching the shift in fundamentals.
Key Resistance Zones:
109.8K 110.3K 112K
Support Zones:
106.8K 105K
If bears defend the 110K zone, BTC might range between 110K – 105K.
But — a breakout and strong close above 110K could signal a bullish continuation!
Final Thought:
Markets are fluid. Stay alert, trade smart, and always manage your risk!
Trade at your own risk
Best regards,
OHRM
Stay tuned for updates!