Bitcoin Poised for $110K Breakthrough: Technical Indicators Flash Bullish Signals Despite Macro Headwinds
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🪷.Bitcoin is currently trading above $109,000, showing a 4% increase in the last 24 hours and nearing its all-time high.
🪷.MicroStrategy has added 1,045 BTC to its holdings, indicating strong institutional demand and contributing to a supply squeeze.
🪷. Technical analysis suggests a potential breakout toward $120,000, although macroeconomic uncertainties may limit short-term gains.
🪷.Long-term holders are accumulating Bitcoin, while short-term holders are selling, indicating a shift in market sentiment towards stronger hands