$BTC Bitcoin has shown remarkable strength, trading near $109,000 after breaking key resistances at $108,000, driven by optimism in trade negotiations between the U.S. and China, as well as growing institutional adoption. The decrease of BTC on exchanges (from 1.57M to 1.18M this year) suggests an upward trend, with investors opting for self-custody, which reduces the circulating supply. Analysts like Cathie Wood from ARK Invest project exponential long-term growth, potentially up to 15 times its current value in five years. However, the correlation with traditional assets and macroeconomic tensions, such as U.S. debt and rising interest rates, could limit short-term momentum. Technical indicators, such as the RSI and the Puell Multiple, indicate that $BTC is in buy territory, but fractal patterns warn of potential corrections towards $100,000 if it does not surpass $110,000 soon. Opinion: Despite short-term risks, the fundamental outlook and corporate adoption reinforce Bitcoin's bullish potential. Staying alert to $105,000 as support and $119,000 as the next target is key.