Bitcoin – ATH Sweep or Breakout?

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Bitcoin is pushing into a critical decision point as it challenges the previous all-time high near 110k. After a strong push out of a rounded bottom formation with clean higher lows, price has now broken above the last visible resistance area and is hovering just under the ATH liquidity. This rally has been aggressive, but the reaction here will determine whether this move becomes an extended breakout or a classic trap.

Liquidity and Key Resistance
The ATH zone around 110k carries a large pool of liquidity, and price is now testing it for the first time since the breakout. We’ve already had a clean break above the prior resistance zone, but we haven’t yet seen a confirmed close above ATH with convincing volume. If price manages to close strongly above this level on the 4H or daily chart, that would be a sign that bulls are in full control. Until then, the possibility of a sweep and rejection remains firmly on the table.

Sweep Scenario and Downside Levels
If we fail to close convincingly above the ATH and instead see a wick through followed by a strong reversal, that would confirm the sweep. In that case, I’d expect short setups to activate quickly, with downside targets sitting around 105k. This level marks the structure support below the most recent breakout, and would be a logical point for price to rebalance before continuing any broader uptrend. A rejection from current levels would also trap late longs and provide fuel for a quick retracement.

Bullish Breakout Scenario
If we do get that proper breakout above 110k, backed by strong volume and continuation candles, the upside opens fast. There’s very little structure above the ATH, so price could move cleanly up into the next round psychological target around 115k. This move would confirm continuation of the higher timeframe trend and offer short-term breakout retests for potential long re-entries.

Volume and Candle Confirmation Are Crucial
At this stage, the setup is binary and all about confirmation. A clean 4H or daily close above ATH with follow-through volume will flip the bias fully bullish. But if we get signs of exhaustion and a failed breakout attempt, the sweep setup becomes highly probable. Waiting for confirmation here is key, rather than trying to front-run the move.

Conclusion
Bitcoin is sitting right at a high-stakes level. We either continue into price discovery toward 115k if momentum follows through, or we see a classic liquidity sweep and rejection back into 105k. The clean structure and recent higher lows support both sides of the argument, but execution will depend on how price reacts around the ATH. Either way, this zone is the key pivot for the next major swing.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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8 saat önce

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Bitcoin started to fall, we didn't sweep any highs yet. So potential fakeout