💡📝Bitcoin's current price is around $102,221, and it's definitely possible for it to hit $110,000. Here's what's shaping up ¹:

*Key Factors Influencing Bitcoin's Price*

- *Global Money Supply*: Crypto analyst Jamie Coutts predicts Bitcoin's price will reach $110,000 as global money supply hits $500 trillion. Increasing demand for Bitcoin and its capped supply will likely drive prices up as more fiat money enters the system.

- *Macroeconomic Conditions*: Favorable macroeconomic conditions and growing institutional interest are contributing to Bitcoin's upward momentum. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators also support a bullish view.

- *Technical Analysis*: Bitcoin's chart shows a strong upward trend, with major exponential moving averages (20, 50, 100, and 200-day EMAs) stacked upwards. Immediate support sits around $98,774, and the former resistance zone between $95,000 and $97,000 could be an ideal area for bullish traders to step back in.

*Price Predictions for 2025*

- *Short-term Targets*: Near-term targets lie in the $105,000–$108,000 range, aligning with previous resistance levels. A clean breakout and close above $110,000 could pave the way for a swift move to $115,000.

- *Long-term Projections*: Some analysts predict Bitcoin could reach $125,000–$140,000 later in 2025, fueled by growing adoption and capital inflows.

- *Monthly Forecasts*:

- *June 2025*: $100,000 mark remains critical; confirmed breakout could extend gains, while rejection might lead to a retest of support at $92,000–$94,000.

- **October