🚀 #Bitcoin Breaks $112K — Bullish Momentum Builds

$BTC is up 0.74% in 24h and 4.27% over the week, holding firmly above $112,000.

⚙️ The breakout above $112K triggered a bullish setup.

🔹 Support — $109,700

🔹 Resistance — $114,115

🔹 RSI = 63 → still room to grow

A bullish EMA crossover confirms trend strength. Closing above $114K could open the path to $117K.

🐋 While 200 BTC (~$22M) moved to Kraken, 3,195 BTC (~$356M) were withdrawn from exchanges.

Net outflows indicate reduced selling pressure and growing long-term conviction.

🏦 Markets price in a 98% chance of a Fed rate cut on October 29.

Bitcoin ETFs rose 0.67%, with total AUM reaching $149B.

Institutional demand remains strong, even as trading volume cools.

📊 #Bitcoin is entering a phase of confident growth.

Key levels — hold $112K and break $114K.

Watch for the Fed decision on Oct 29 and continued whale accumulation.