Bitcoin’s price action has been closely scrutinized as it aims to maintain crucial levels for a potential breakout into all-time highs. According to recent analysis, Bitcoin must close the week above $104,500 to kickstart the breakout process for ‘price discovery 2’. The recent surge in Bitcoin’s price to nearly $105,000 was attributed to positive rumors surrounding a US-China trade deal, with liquidity clustered around the $106,000 level. Despite the bullish sentiment, some traders remain cautious, suggesting that Bitcoin could retrace its entire rebound. Market participants are divided on whether the current push towards all-time highs is sustainable or a setup for a potential ‘fakeout’. With conflicting opinions from traders and analysts, the fate of Bitcoin’s price remains uncertain. It is essential for investors to conduct thorough research and exercise caution in their trading decisions.