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Bitcoin is facing a critical test as price action compresses between two key levels: the $112,000 all-time high and the $105,000 support zone. Bulls are attempting to reclaim momentum and push BTC into price discovery, while bears are working to invalidate recent gains and trigger a deeper correction. However, the current landscape is dominated by uncertainty. Volatility has surged, yet there’s no decisive trend in play, creating a tense environment filled with indecision on both sides of the market.

Fueling the speculation is fresh data from CryptoQuant, which reveals extreme Buy-Side Aggression on Bybit. Bitcoin’s Taker Buy/Sell Ratio on the exchange has spiked to 11.5, an unusually high reading that indicates traders are heavily favoring long positions. This surge in aggressive buying suggests growing confidence among bulls, who believe a breakout is imminent. However, it also introduces risk. When positioning becomes this one-sided, the market often punishes late entrants with sudden reversals.

With liquidity clustered near both the $112K resistance and the $105K support, Bitcoin appears coiled for a volatile move. Whether BTC breaks higher or loses key support will depend on how the broader market reacts to this lopsided positioning—and how long bulls can sustain the pressure without confirmation.

Bitcoin Breakout Hopes Grow Amid Heavy Long Positioning

Bitcoin has climbed 9% since last Sunday, pushing the price toward key resistance levels and reigniting hopes of a breakout above its all-time high. After weeks of consolidation and choppy action, the recent surge suggests that a decisive move could be on the horizon. Momentum is clearly building, and many analysts are growing confident that Bitcoin is preparing to challenge its $112,000 peak. If bulls manage to break through, BTC could enter price discovery and trigger a wave of fresh inflows.

Despite the optimism, risks remain elevated. The broader macroeconomic backdrop is still ti

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Author: Sebastian Villafuerte

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