Bitcoin at a New Crossroads: Is $110,000 a Station or a Launch?
The price of Bitcoin has seen a notable surge in recent days, surpassing the $112,000 barrier on May 23, before retreating this morning to around $109,042. This significant rise reflects a strong wave of optimism in the market, driven by increasing institutional interest and rumors about a potential easing of U.S. monetary policy soon.
But the question now is: Are we at the beginning of a long bullish wave, or is the market preparing for a temporary correction? Technically, if Bitcoin holds the support at $108,000, we might see another attempt to break the $113,000 level and perhaps reach $120,000 soon. Conversely, breaking this support could pull the price back toward $103,000 or even $98,000.
The market is now at a sensitive moment, and any economic or regulatory news could determine the direction in the coming days.
