$BTC is currently surging past $79,100, violently testing the ceiling of a major breakout zone. If buyers can hold the line above $78,500, the chart points toward a quick run to $80,000 and eventually the longer-term target of $86,000.
However, if this push loses momentum and turns into a fakeout, our immediate safety net sits down at the $75,000 support level.
Do you think we are blasting straight to new highs above $86k, or is this a trap before a quick flush back down to $72k?