BTC is approaching a critical level — a weekly close above $104,500 could act as the trigger for a new leg up and a move into price discovery, according to analyst Rekt Capital.

Key points:

🟡 BTC hit $105K over the weekend amid rumors of a US-China trade deal

🟡 A close above $104.5K would confirm reaccumulation and open the door for further upside

🟡 But if this is a fakeout, the entire move could be wiped out — warns Il Capo

💬 While some are preparing for a run to $160K+, others still see a possible drop back to $100K or lower.