Bitcoin aims for another record weekly close

BTC has just locked in its highest weekly close ever — trading near $106,500, less than 3% shy of its all‑time high. That’s SIX weeks of consecutive gains as momentum builds across timeframes .

A liquidity squeeze near $107K

Bitcoin briefly spiked toward $107K, triggered stop‑hunts on both sides, then snapped back—classic breakout/fake-out behavior liquidating both shorts and over‑eager longs .

Next battleground: $106K–$112K zone

Weeklies and daily candles are now testing that critical zone. Traders will be watching to see if $106K flips to support—if it holds, a surge into fresh highs could follow .

Altcoin highlight: BCH & HYPE could ride the wave

As BTC hovers near key levels, altcoins like Bitcoin Cash (BCH) and HYPE are catching attention—especially if BTC manages a clean breakout above $110K+ .

Market Takeaway

Bitcoin’s breaking out, but it’s a slippery moment—$106K must stay firm. A breakout could send BTC tearing higher; a pullback could bring a swift drop back into range. Meanwhile, alphcoins are primed to follow BTC’s lead.

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