#BTC110KToday?
🔥 Could Bitcoin reach $110,000 today?
➡️It’s been on fire – recently topping $106K, just 2% shy of its Jan 2025 record ($108.8K). After languishing around $74K last month, this rally is “one of Bitcoin’s more formidable feats,” says Nexo’s Trenchev, adding $109K+ are now “in its sights”. The hype train is rolling…📈💨
🚀 Institutional demand:
➡️ETF and corporate inflows are pouring in. A surge of ~$6.9B in Bitcoin ETF flows on May 20 pushed BTC up, and analysts point to growing institutional interest.
📊 On-chain strength:
➡️Most BTC holders are stacking more. Glassnode data shows wallet cohorts accumulating Bitcoin. Even prediction markets give ~60% odds of hitting $110K by 2025.
📈 Chart momentum:
➡️Technicals look bullish. A recent fractal pattern could repeat, suggesting BTC might break past $107K toward $110K if history repeats.
🌐 Macro tailwinds:
➡️Good news is piling up. Easing geopolitical tensions and Chinese stimulus – plus a U.S. credit downgrade and even JPMorgan enabling Bitcoin buys – have driven crypto demand.
🎯 All eyes are on BTC now! With big money, charts and on-chain data cheering a move past $110K – and resistance and volatility lurking – it’s a nail-biter. Stay sharp and trade wisely! 🧐🚀