BTC Eyes $110K as Price Breakout Signals New Momentum Phase!
After spending nearly a week consolidating in a narrow range, Bitcoin has surged past the $107,500 mark — potentially marking the beginning of a new bullish phase. The move follows a textbook breakout pattern, supported by rising volume, positive funding rates, and renewed investor confidence across derivatives markets.
Technical Breakdown:
RSI is trending toward overbought but still allows room for upward movement.
200 EMA (1D chart) has acted as a launchpad over the past 3 breakouts.
MACD crossed into bullish territory for the first time in three weeks.
Market Context:
Total liquidations exceeded $120M within 12 hours — with 81% being short positions.
Derivatives market open interest is climbing, suggesting that fresh capital is entering the market rather than just short squeezes driving the move.
Funding rates on perpetual futures remain elevated, confirming trader bias is turning bullish.
Strategic Targets:
🔹 $110K: Short-term breakout validation
🔹 $115K: Breakout continuation with high-volume confirmation
🔹 $120K: Next major resistance, last seen in cycle-projected targets
“$110K isn’t just a round number. It represents a sentiment shift,” notes Sofia Chen, Markets Director at AltBase Capital. “It’s where momentum meets macro conviction.”
Whether Bitcoin hits $110K today or pulls back first, the market has clearly entered a new phase of directional bias. The path from here may be volatile — but it’s undeniably upward.
