The sudden push of Bitcoin beyond 115 thousand dollars has raised the suspicions of a head fake, and even the most technical signs increasingly indicate the false break.
The present resistance of Bitcoin is close to $117,000, tapping waters with only a few marks of support between $113,000 and $108,000.
The increasing trade tension brought about by the U.S. tariffs and changes of policy, as well as central bank speculations.
Bitcoin is currently exhibiting signs of a possible head fake, because the price very momentarily rose above the $115,000 mark only to fall back. This is as volatility surges with the move, especially after a Bollinger Band Squeeze. It is the traders who are now gauging whether this breakout is strong or a short spurt.
Bitcoin Bounces Then Signals a Reversal
Bitcoin moved beyond the $115,000 milestone, but it did not last long as it dropped back to about $114,000 shortly afterward. The price dynamics were a result of a Bollinger Band Squeeze, which is normally a signal of increasing volatility and the participation in the trend. But there is a chance of a head fake instead of an established bullish trend, according to technical indicators now.
This pattern typically reflects a false breakout that traps upward momentum before reversing sharply. Bitcoin now trades at $114,311, reflecting minor gains in the past 24 hours but no solid trend continuation. With this head fake, the market sentiment remains uncertain while prices fluctuate within a tight range.
Moreover, the Bollinger Band creator has pointed out that this false breakout is not visible on ETFs. That’s because ETFs do not operate on weekends or holidays when the pattern is formed. As a result, ETF charts miss key volatility moments, making them less reflective of current crypto market moves.
BTC Faces Resistance, Market Risks Mount
Technical analysis has now depicted a high resistance level of $117,000, whereby past rallies have died. According to crypto expert Ali Martinez, there was no support in price between the $113,000 and the $108,000. This gap increases the risk of a quick decline if downward momentum intensifies.
https://twitter.com/ali_charts/status/1953050921937797285
The head fake observed on the chart supports the possibility of a pullback toward the $100,000 zone. Martinez highlighted $95,000 as a potential downside target if volatility remains elevated and market support weakens. So far, the crypto has not confirmed any sustained upward breakout from current price levels.
Meanwhile, many anticipate further movement based on macroeconomic factors, including central bank appointments and tariff-related policy shifts. The head fake narrative now aligns with broader economic uncertainty. Therefore, Bitcoin’s direction remains unclear until new data shifts the technical outlook.
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