#BTC110KToday? ($BTC ) surged past the $108,000 mark today, fueled by easing tensions in the Middle East and a wave of short liquidations. The BTC/USDT pair gained nearly +2% on the day, hitting $108,182 on Bitstamp — a strong $10,000 rebound from local lows just three days ago.
Traders Eye All-Time Highs
With liquidity taken around key zones between $103K and $108K, many traders are positioning for a potential breakout to new all-time highs.
Data from CoinGlass confirmed that a significant portion of high-leverage short liquidity was wiped out by the move. Some technical analysts are warning of a potential LTF (lower time frame) rejection, depending on how $BTC handles this level.
The trading account Titan of Crypto noted a bullish Ichimoku Cloud breakout, suggesting that if Bitcoin clears the current Fair Value Gap (FVG), the next price target could be $111,000.
With bulls in control and key resistance levels broken, the $111K zone could be the next technical target. However, broader macro uncertainty and geopolitical risks may still play a defining role in whether this becomes a true breakout — or just a temporary rally.
What do you think? Are we heading for a new all-time high, or is a correction coming first?
Share your thoughts below 👇
