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?
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Telegram Channel:
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Recommended Exchanges:
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Bybit
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Recommended Exchanges:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.