Bitcoin at $105K: False Move or Trend?

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Bitcoin sets another record high weekly close as traders determine where the BTC price tops and bottoms will be.

Bitcoin was inches away from all-time highs after it sealed another record weekly close.

Bitcoin traders are eyeing both a return to price discovery and a “false move” to take liquidity at $105,000.

The weekly close sealed July as a month for the record books, with “final resistance” now next on bulls’ to-do list.

US trade tariffs are the macro talking point of the week, while dollar weakness continues to fuel risk-asset relief.

Bitcoin funding rates are declining while price rises, setting up a potential short squeeze.

Investor greed is rising, with the Fear & Greed Index in “extreme” territory despite macro risks.


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