Bitcoin is currently experiencing a classic scenario of long traps, leaving the market buzzing with speculation. Traders are questioning who really holds the reins in this volatile environment. If the bulls can manage to break through the critical resistance of 100K, it could signal a new phase for Bitcoin. Alternatively, a failure to break this threshold could lead to increased bearish sentiment in the market. As the situation unfolds, traders are keeping a close eye on market signals to determine possible outcomes. The current dynamics suggest a pivotal moment is approaching for Bitcoin, and market participants are eager to witness the next move.