Bitcoin (BTC) Rug Pull Fears Grow: $116K or $105K – Which Comes First?

Bitcoin has climbed above $114K this week after climbing by almost 4% during the ￰0￱ the struggle might not be over ￰1￱ Wedson, for one, warned that Bitcoin’s recent uptick may not be as secure as it ￰2￱ on Thin Ice? In his latest tweet, Alphractal founder and crypto analyst Joao Wedson questioned whether Bitcoin could face a potential “rug pull.” He said that despite the crypto asset climbing above $114K, a decisive shift in sentiment would only come if the price breaks through the $116K ￰3￱ the downside, Wedson observed $110.4K as key support and warned that a breach below $110K could send BTC toward the $105K liquidity ￰4￱ the $107K level may have served as a local bottom, he added that there is a need for confirmation from broader market signals.

Specifically, Wedson is waiting for Bitcoin’s dominance to show a new top alongside improvements in Buy/Sell Pressure Delta, the Sharpe Ratio, rising Open Interest, and on-chain reversal ￰5￱ these signals, he believes the best approach is ￰6￱ recent TFT AI forecast also painted an equally cautious outlook for Bitcoin over the next 30 ￰7￱ the model projects a mostly neutral trend within the $108,000-$120,000 range, it highlighted the growing uncertainty, particularly toward the end of ￰8￱ the short term, Bitcoin is expected to dip slightly, with a 7-day forecast showing a decline to $109,451 and a 30-day projection to $108,771. The key takeaway, however, isn’t the modest downward bias but the sharp widening of confidence intervals as uncertainty spikes above 50% near early October, which points to the possibility of intense ￰9￱ Red Flag Additionally, almost 88% of circulating Bitcoin is currently ￰10￱ level has previously witnessed overextended ￰11￱ past cycles, similar profit margins prompted corrections as traders secured ￰12￱ not certain, the pattern raises concerns that Bitcoin could face turbulence despite broader bullish momentum.