BTC $BTC Breaks All-Time High Then Slips Below $110K: Classic Bull Trap?
Bitcoin has once again sent shockwaves through the market, briefly smashing through its all-time high before slipping back below the $110,000 mark a scenario that’s becoming all too familiar for seasoned crypto traders.
Earlier today, BTC $BTC surged past its previous ATH in a wave of momentum-driven buying. Crypto Twitter lit up with celebration. FOMO was palpable. And yet, just hours later, prices began to dip, pulling back below the psychological $110K level.
This is exactly the kind of setup where many retail investors get trapped chasing green candles only to buy the top. It’s a classic bull trap: price rallies, breaks resistance, draws in breakout traders, and then quickly reverses, shaking them out.
While long term fundamentals remain strong, short term volatility remains unforgiving.
What’s next? Watch for confirmation of support around $105K–$107K or signs of a deeper retracement. Either way, proceed with caution—especially if you’re trading emotionally, not strategically.
