Bitcoin Goes Bananas: Is $100K Next or Is This a Classic Bull Trap?

Picture this: BTC is out here strutting around at roughly $97,300. Yes, you read that right. While most of us are still figuring out how to split a restaurant bill, Bitcoin is smashing through psychological price points like a toddler at a birthday cake. As @ali_charts cleverly points out (seriously, give that human a medal 🏅), are we basking in the sunlight of a genuine breakout or is this the financial equivalent of waking up from a nap and realizing you missed your stop?

Technical Snapshot (aka “Let’s Pretend We’re On Bloomberg”)

One-hour candlesticks are apparently a thing (not a euphemism, I checked), and they’re showing BTC vaulting past that $95,700 level—something that’s been playing hard to get for days. Big number energy. If this little bullish adventure sticks, $97,500—or whatever number sounds dramatic—could be next.

Buuuut, and there’s always a but, what if that breakout is about as real as my intentions to go to spin class? If Bitcoin slides back under $95,700, we could be looking at a classic “gotcha!” situation—a false breakout designed to trap overexcited bulls faster than you can say ‘pump and dump.’ In that case, expect a reversion tango right back to the $93,000–$95,000 flatshare, leaving FOMOers sobbing gently into their hardware wallets. 🫠

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2025-05-01 18:44