$BTC

Bitcoin Blasts Above $118,800 — Bullish Breakout or Classic Bull Trap Setup?

In the early hours of July 11, Bitcoin broke past $118,000 and reached exchange highs of $118,800, depending on venue data. CoinGlass estimates the increase erased $1.25 billion in short holdings in one trading day.

Bitcoin Bull Trap or Breakout?

After writing that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months,” he advised against ignoring a large breakout until refuted. Edwards expects a 50–70% rise over the following six months, or $170,000–$196,000.