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Bitcoin reached a new all-time high yesterday, briefly pushing above the $112,000 mark and confirming bullish sentiment across the market. This move has reignited optimism among investors, with many now eyeing a potential breakout into price discovery. The rally comes as Bitcoin has held strong above key support levels in recent weeks, defying bearish expectations and maintaining upward pressure. However, not everyone is convinced.
Some analysts argue that this breakout might be a short-lived fakeout rather than the beginning of a sustainable rally. With volatility still low and macro conditions stable, opposing views are calling for caution, warning that BTC could retrace and re-enter its prior range below resistance.
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