Bitcoin Price Outlook: Bulls Warned About ‘Real Trap’ At $105,000

Bitcoin (BTC) traders may want to keep their eyes locked on the $105,000 level for a potential bull trap, according to onchain analyst CryptoMe.

$105,000 is Bitcoin’s “Hidden Danger Zone”

CryptoMe flagged $105,000 as a critical “hidden danger zone” for Bitcoin, backed by three onchain metrics that all converge on the same level.

The first chart, a Bitcoin UTXO price histogram, shows a massive cluster of unspent transaction outputs (UTXOs) created around the $105,644–$149,156 range.

This large BTC accumulation zone indicates that many traders established their positions near this level. This suggests that if the price revisits $105,000, it may trigger a wave of activity, including profit-taking and potential capitulation.

Secondly, the realized price of 1–3-month holders, a cohort typically made up of short-term speculators, also sits near $106,000.

This reflects the average cost basis for recent buyers, many of whom may be quick to sell if their entry price is tested again.

Finally, the realized price for short-term holders (STH)—those who acquired BTC within the last 155 days—stands at approximately $105,350, further cementing this area as a key psychological and technical battleground.

The convergence around $105,000 signals a sharp short-term dip. However, CryptoMe stresses that this is not a full-fledged bear market alarm.

“I seriously believe that Bitcoin will price in much, much higher levels in the medium and long term,” he writes, but warns that any drop to this zone could wreak havoc on leveraged traders in derivatives markets.

Such “shakeout” levels often act as traps, punishing overexposed bullish positions before the next major leg up. The analyst suggests that a prudent strategy would be to de-risk volatile positions if Bitcoin starts moving toward this zone in the short term.

Retest Confirms Breakout? Bullish Reversal Pattern Suggests $145K Next

The $105,000 zone also aligns with the neckline of a multimonth inverse head-and-shoulders (IH&S) pattern on Bitcoin’s weekly chart. It also aligns with a 20-week exponential moving average (20-week EMA; the purple wave), currently hovering near $105,844.

The IH&S formation, marked by two troughs (shoulders) flanking a deeper low (head), has a neckline near $109,000. Bitcoin recently broke above this neckline with strong volume and bullish momentum.

Now, a return to the $105,000–$109,000 region could represent a classic breakout confirmation, testing the neckline as new support.

If the pattern plays out, the technical upside target remains near $145,000, a level derived by adding the height of the pattern to the breakout point.