It feels good that Bitcoin finally broke past 86k after weeks of hesitating, right? So exciting it makes you want to remortgage the house and go all in. But hold on a second. Before you give into FOMO, let’s bring some cold, hard truth to this shindig. I'm seeing a lot of champagne wishes and caviar dreams, but I'm smelling a potential trap.

Is This Surge Really Sustainable?

We've all been burned before. Remember 2021? The soaring heights, the lies of Lambos for all, and then… zamoosh. The rug pull heard 'round the world. So cut me a little slack if I’m not uncorking the Dom Perignon just yet.

Bitcoin Jumps Above $5 in Recent Retest–Bulls Target $88.7k, Then $95k. However, allow us to go below the superficial price action. Are they creating true organic growth, or simply pulling off a crazy pump-and-dump? Look at the trading volume. Is it proportionally increasing with the price? Are newcomers driving up the real estate market with cash? Or are these the same whales just shuffling their current assets from one location to another.

Think of it like this: imagine you're watching a magician. He takes a rabbit out of a hat and everyone claps and oohs and aaahs. Awe! A jaded eye is looking for the secret drawer, the magic trick. In other words, they’re not bamboozled by the circus, they’re studying the clockwork. That’s exactly what we need to be doing right now.

Whales Are Playing Games, Are You?

The crypto market, as we all know, is still a deeply whale-driven space. These are the people currently sitting on billions of dollars worth of Bitcoin. They can – and do – manipulate the market with their buy and sell actions.

Are the whales accumulating or distributing? Are they just making artificial scarcity in order to jack up the price? If so, won’t they eventually sell off their holdings and leave retail investors high and dry? We need to understand their game. Look at the order book depth. Are there huge sell walls just waiting above the current price, ready to send Bitcoin back down?

The only negative to the good news, according to NullTX, would be a retest of $70k. That's a significant drop. Anxiety inducing, right? Just a possibility we have to put on the table. To sell dangerous products with the potential for a correction is driving a car blindfolded. You can take your chances, but you’re much more likely to fail spectacularly.

What Happens If We Fail?

What if Bitcoin does indeed turn out to be unable to hold above these critical resistance levels ($88,765, $92,810, and $95,000)? What then? As we wrote in the original news, $70k is the new goal. A breach under the monthly low could set off a big enforcement action. Fear is perhaps the strongest motivator in these cases, and panic selling can sometimes rapidly intensify the downward spiral.

Yet even assuming the worst, both in terms of law and politics, there remain pockets of opportunity. Alternatively, if the price retraces to $85,800, $81,135, or $76,606 lower support levels, it can present a chance to buy Bitcoin cheaper. Don’t miss this enormous opportunity to earn free Bitcoin! Utility and practical value comes in being ahead of the curve, not just following the sheep train.

This isn’t about being a permabear or a posi jadedist. It's about being realistic and data-driven. Get a handle on the potential risks and rewards at stake. Set yourself up to make smart investment choices that fit your financial strategy and comfort with risk.

Don't let the excitement of a breakout blind you to the underlying realities of the market. Read, formulate your own opinions, create your own analysis based on the data provided, and come ready to accept right or wrong. This isn't a sprint; it's a marathon. Running a successful marathon is all about pace. Relatedly, you have to be smart enough to know when to save your energy and when to go all in. Fairness matters. Remember, it’s not about whether you win, it’s about how you win.