#traderleauge Bitcoin Eyes New Highs as Price Retests $109K, But Analyst Warns of Pullback**
Bitcoin has **regained strong bullish momentum** after a massive daily candle on Monday! 📈 The crypto king recently lost its post-ATH range of **$106,800–$109,700**, causing some investor concern.
### **⚡ Key Market Moves:**
- After late-May pullbacks, BTC saw **volatility**, dipping to a **one-month low near $100K** last week.
- However, it **reclaimed $105K** over the weekend and **surged past $106,800 resistance** on Monday.
- Analyst **Rekt Capital** notes BTC has **held $104,400 as new support** for four weeks, signaling strength.
- A **daily close above $109,443** could pave the way for a retest of **$111,723**—the last hurdle before a **new ATH!**
### **⚠️ Caution Ahead?**
- **Crypto Jelle** warns that BTC is in a **"dangerous area"**—if **$108K holds as support**, we could see **$120K soon**.
- Previous breakout attempts failed here, but **this time looks different**.
- Jelle’s long-term target? A **cycle top of $140K–$150K**, based on a **massive inverted Head & Shoulders pattern** forming since late 2024.
### **🔥 What’s Next?**
- **Breaking $109K** could send BTC into **price discovery mode** 🚀
- But traders should watch for **potential pullbacks** before the next leg up.
**Stay tuned—volatility is just getting started!** ⚡ #Bitcoin #Crypto #BTC