Will Bitcoin Break This Resistance – Or Is It a Bull Trap?

186
BITCOIN is once again at a critical resistance level, and the crypto world is split.

Some believe we’re gearing up for a new all-time high (ATH), while others argue the top is already in—and this could be a classic bull trap in disguise.

The key lies in how price reacts to this zone.
• A breakout above $109K would confirm a new ATH and likely spark another leg up.
• But a strong rejection here might signal that the rally was a trap, echoing patterns we’ve seen in past cycles.

My Take: We’re at a make-or-break moment. Confirmation from this level will decide the next big move.

What’s your take—breakout or bull trap?

Please support this idea with a LIKE👍 if you find it useful🥳

Happy Trading💰🥳🤗

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.