Bitcoin Holds $105.5K, Eyes $106.6K Breakout

Bitcoin Holds $105.5K, Eyes $106.6K Breakout
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Bitcoin stabilized above $105,500 ahead of the weekly close, with traders eyeing a potential breakout past $106,600. Liquidation clusters and aggressive short positioning hint at a volatile week ahead. Analysts remain divided between a rapid surge or a retest of $100,000 support.

  • Bitcoin broke its two-week downtrend, holding $105,500 support with $106,600 eyed for trend confirmation.
  • Liquidation clusters suggest heightened volatility, with shorts exposed to $15B in potential liquidations versus $9.58B for longs.
  • Metaplanet revised its Bitcoin holdings target to 100,000 BTC by 2026, signaling institutional bullishness.
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