Bitcoin began the week with a breakout from a tight range around $103,000, reaching a peak near $107,000 before a rapid 4% correction. This volatility resulted in significant liquidations, with traders expressing mixed sentiments on whether this was a classic fakeout or a precursor to new all-time highs. The week also marked Bitcoin's highest-ever weekly close at approximately $106,500. Macroeconomic factors, particularly US trade relations and Federal Reserve policies, are influencing Bitcoin's price movements. Analysts noted that while Bitcoin remains correlated with stocks, a divergence is becoming apparent. With trade negotiations underway, investor sentiment is cautious, especially given the potential for market fluctuations due to economic news. Additionally, volume analysis indicates rising buying activity on exchanges, though quick spikes in trading can often lead to local market tops. Overall, traders are keen to monitor key support levels and macroeconomic developments as Bitcoin navigates through its current price ranges.

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