Alright fam, here’s what’s popping off in the world of crypto this week—and trust me, you’re gonna want to strap in for this one. Bitcoin just locked in a record high weekly close, and the energy is nothing short of electric. But with laser eyes locked on that cheeky $105K whisper, the real question is: is this move the start of a rocket ride—or a fakeout to shake out the weak hands?
Welcome to “5 Things to Know in Bitcoin This Week”—Jake Gagain style.
🧨 1. ALL-TIME WEEKLY HIGH? WE JUST DID THAT.
Let’s kick it off with the facts. Bitcoin’s weekly candle just closed hotter than a Solana NFT drop in peak bull season. We’re talkin’ a new all-time high weekly close. Not just a moment for the charts, but a moment for the culture. Bulls are pounding their chests, bears are in denial, and the sidelines? FOMO levels through the roof.
But here’s the tea—just because we crossed new highs doesn’t mean it’s all blue skies. There’s chatter swirling about a “false move” to $105K. What’s that mean? We could be looking at a head-fake rally, a psychological trap before a correction. And folks… that’s where the game gets spicy.
🎢 2. TRAP OR TAKEOFF: $105K HYPE OR HYPEBEAST?
Let’s talk about that $105K target. It’s the number every moonboy’s tweeting and every whale’s side-eyeing. Too good? Too fast? Maybe. But here’s where savvy players separate from degen gamblers—we’re watching liquidity zones lit up like Times Square, and if a move to $105K clears stop losses and triggers long squeezes, we could see fireworks… or faceplants.
Big money is probing. Weekend volume was all sizzle, low steak. And when the smoke clears, you best believe we’ll know if that $105K is bait or brilliance.
⌛ 3. SHORTS GETTING TORCHED—AGAIN.
Bearish traders, I hope you brought marshmallows because shorts are on fire. Liquidations have been rolling in faster than new meme coin listings. Over $250M wiped in 48 hours. That’s not a typo, that’s a war zone.
And you know what that means? Shorts are fuel. Each liquidation pumps the price higher. That’s the kind of mechanic that can blast us to new heights. But remember, fam: too much leverage and the house always wins. We ride the wave, not the wipeout.
📊 4. VOLATILITY IS BACK, BABY.
Volatility has entered the chat, and it ain’t here to play nice. Just last week we saw $4,000 swings in hours. This isn’t grandma’s Bitcoin anymore—this is high-stakes, full-send territory. Traders are loving it. Investors? Nervous. But Jake says: volatility means opportunity.
Look at the Bollinger Bands—they’re expanding. RSI’s ticking up. Momentum indicators are flashing like a Vegas slot machine. This is what we live for, right? The thrill of the breakout, the heartbeat of the blockchain.
🪙 5. MACRO VIBES & ELECTION ENERGY
Zoom out with me, fam. Global markets are stirring. DXY (that’s the U.S. Dollar Index for my normie friends) is rippling. Gold’s making a run. And with looming election narratives and regulatory clarity (or chaos), Bitcoin isn’t just a chart anymore—it’s a symbol.
Wall Street’s eyeing crypto like that ex who finally ‘gets it.’ ETFs are in play, institutions are stacking silently, and narratives are aligning. Bitcoin’s not some side hustle—it’s the main event in an evolving financial theater.
🔥 Final Alpha:
This week’s Bitcoin landscape is more than hype—it’s a battlefield of perception vs. reality. Are we getting a “false move” to $105K? Maybe. But every great breakout starts with doubt. Every new high was once a hallucination. So whether you’re in for the tech, the gains, or just the chaos—this is your moment.
Keep your stops tight, your conviction tighter, and your eyes on the prize. Because in this market, the only wrong move is standing still.
Now tell me, who’s riding this wave with me?
Let’s get this bread. 🚀
– Jake Gagain
