🚨✨️⚡️ Bitcoin Price’s Chances Of Flipping $110,000 Improves As New Capital Enters Market
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Bitcoin price nears $110,000, buoyed by fresh capital inflows and rising first-time buyers since mid-2024. Long-term holders actively accumulate BTC, reducing circulating supply and reinforcing price support amid market volatility.
🌟 Quick Take:
Bitcoin’s price currently sits at $109,160, just below the key resistance level of $110,000. Flipping this psychological barrier into support is essential for Bitcoin’s continued rise. Securing this level would restore bullish momentum and attract further buying interest. If Bitcoin holds above $110,000, the path to surpassing its all-time high of $111,980 looks clear.
This breakout could fuel a rally toward $115,000 in the coming days, driven by renewed investor enthusiasm and favorable market conditions. However, if LTH accumulation slows or is offset by selling pressure, Bitcoin could face downward pressure. A drop below $106,265 could push the price down to $105,000, invalidating the current bullish outlook and signaling caution for traders.