Bitcoin Breaks Through $109K: Is This a True Breakout or a False Promise?

Bitcoin surged past the long-awaited resistance at $109,000 this week, prompting traders to celebrate a potential breakout. However, experts remain cautious as history shows a similar scenario from May 2023 led to a sharp reversal. Currently trading around $109,252, the move reflects a bullish rally from the $100K zone earlier this month. While bulls are optimistic about this surge, market watchers are watching for signs of a classic false breakout pattern.