Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap?

Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1. 25 billion in short positions within a single trading day, according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole Investments founder Charles Edwards took to X as the breakout unfolded source: https://www.newsbtc.com/bitcoin-news/bitcoin-soars-118800-breakout-or-bull-trap/