To determine whether Bitcoin can break through 110,000 USD, we need to return to three essential questions:
Has the liquidity environment reversed? The Federal Reserve's interest rate cut cycle and the macro environment in 2025 are still favorable for risk assets;
Has the narrative logic collapsed? Continuous inflow of funds into Bitcoin spot ETFs and increased institutional allocation demand indicate that the core narrative remains valid;
Has the technical structure been damaged? The current price is still above the key weekly support level, and the upward channel is intact.
As long as these three factors do not undergo fundamental changes, the momentum of the trend is sufficient to push prices toward higher targets. Considering the historical cycle increase (in the latter part of the 2017 bull market, the price increased by 270% over three months), if the current market replicates a similar intensity, breaking through 110,000 USD only requires maintaining the existing slope.
110,000 USD may not be the endpoint, but it is certainly a key milestone worth anticipating in this cycle. The market always moves forward amid uncertainty, and the only thing we can be certain of is not to stand against the trend.
