$BTC Hits New ATH… But Is It a Fakeout?
$BTC → $112K Spike Followed by a Trump Shockwave! ⚠️
Bitcoin soared to a fresh all-time high near $112K thanks to bullish economic and fundamental data… but the celebration was short-lived.
Trump's latest speech announcing 50% tariffs on the EU rocked the markets — and crypto felt the heat.
Despite a quick recovery, uncertainty remains. These tariffs add pressure to the global risk background, potentially triggering a sell-off across both stocks and crypto. Where does the money go next? Likely gold — the classic safe haven.
Technical Snapshot:
→ False breakout forming at the $110K resistance (previous ATH)
→ Bearish momentum is aligning with shifting fundamentals
→ Liquidity/Resistance zone: $109.8K–$110.3K
→ Support zone: $106.8K and $105K
If bears defend the resistance, BTC could range between $110K–$105K.
But… if BTC breaks and holds above $110K, a bullish continuation toward new highs is back on the table!
Resistance: 109.8K | 110.3K | 112K
Support: 106.8K | 105K | 102K
Trade smart. Trade safe.