Bitcoin Soars Past $105K After Shocking Fakeout Shakes Market

Bitcoin (BTC) delivered a dramatic market twist, plunging briefly below the $100,000 level before roaring back above $105,000, leaving short sellers stunned. The dip appeared to signal a trend reversal and triggered widespread liquidations as traders rushed to unwind leveraged positions. However, the swift rebound proved the breakdown was a classic fakeout — a notorious trap in high-volatility crypto markets.

This turbulent price action hit both sides hard: longs were wiped out on the initial drop, and shorts got squeezed as BTC surged back. Bitcoin’s resilience in reclaiming local highs highlights continued bullish momentum in this market cycle. Yet, despite the impressive rally, traders remain on edge.

Technical indicators show BTC hovering just below recent resistance, with the Relative Strength Index (RSI) above 70 — signaling potential overbought conditions. Trading volume has declined slightly, hinting at either temporary exhaustion or consolidation before another move.

Market sentiment remains cautiously optimistic. If BTC can hold above the $105,000 threshold, the door opens for a push toward new all-time highs. However, another rejection at this level could lead to more whipsaw volatility — a familiar pattern in Bitcoin’s unpredictable price behavior.

Ultimately, the latest price action reinforces Bitcoin’s reputation as the most volatile asset in the digital market. In a space where leverage is common, fakeouts serve as brutal reminders that overexposure can be costly. Traders who fail to manage risk often find themselves on the wrong side of sudden reversals.

This latest rebound proves once again why Bitcoin remains the king of crypto — unpredictable, resilient, and capable of flipping sentiment in a matter of hours. For both bulls and bears, the message is clear: never get too comfortable.