- Bitcoin briefly touched $112K, marking a new all-time high before pulling back into a range
- Previous downside liquidity remains untouched, suggesting the market could revisit those levels in the near term
- No historical supply zones above ATH, making short setups riskier while Bitcoin continues to consolidate near its peak
For a brief moment—literally a minute—Bitcoin printed a new all-time high at $112,000.
That surge wasn’t just a random move; it swept clean the liquidity sitting above a trendline that many retail traders were eyeing as resistance. If you’ve been watching charts long enough, you know how that usually ends: stops get triggered, liquidity gets harvested, and then… silence.
In the previous article, we mapped out a possible dip before continuation higher. But the market had other plans. Price shot up without sweeping the liquidity below—leaving it hanging.
That matters. Because when Bitcoin doesn’t collect what’s left behind, it tends to come back for it. The market has a memory, and it doesn’t like unfinished business.
Now, we’re in unfamiliar territory.
With price trading in blue sky breakout mode, there are no left-side references—no prior supply zones to lean on. That makes shorting a dangerous game.
And yet, it’s been almost 18 hours of sideways action. Accumulation? Maybe.
If that’s the case, price could be preparing one final stop-hunt—taking out recent sellers and breaking above $112K again—before reversing and finally cleaning up the liquidity it skipped on the way up.
This is a high-risk move; the price could just as easily skyrocket.
But let’s not get too confident. This isn’t a crystal ball. These are scenarios, not guarantees. The market does what it wants, and sometimes, it loves to surprise even the most disciplined traders.
So what’s the next move? Eyes on the top. Eyes on the bottom. Liquidity is still the name of the game.
UPDATE:
As I mentioned, shorting from that level was extremely risky. We’re in all-time high territory, with no supply zones to the left for price to react to—so expecting a clean rejection was always a gamble.
If you tried to short anyway, I hope you managed your risk well and didn’t blow up your account. At this point, it’s best to just watch. The market isn’t giving clear signals, and trying to force predictions now is more dangerous than useful.
Bonus rewards for doing what you already do? Yes, please.
Deposit on Phemex, trade once, and you could walk away with up to $1K in cashback—and even a SOL reward if you’re gunning for big volume.
