Bitcoin Breaks $107K Barrier: Is It a Fakeout or Sign of Things to Come?

Bitcoin (BTC) has achieved a significant milestone, breaking through the $107,000 barrier this week. After spending weeks within a narrow trading range, the cryptocurrency took out liquidity above its recent high, before reversing and dropping back to around $103,000. This sudden surge, followed by a 4% correction in just hours, has left investors divided about whether it’s a genuine breakout or a mere flash in the pan. The May 18 close set a new record high for Bitcoin, showcasing its strength despite the subsequent correction.