#BTC110KToday? 📈 What’s Driving the Surge Toward $110K

1. Fed Rate‑Cut Hopes for July

Multiple Fed officials—like Bowman and Waller—are publicly discussing the potential for a rate cut as soon as the July FOMC meeting  . Markets are pricing in roughly a 20–23% probability of a 25‑basis‑point cut . Such a decision typically boosts risk assets like Bitcoin.

2. Technical Breakout Patterns

BTC recently broke through strong resistance near $103K–$105K, and now resides around $107K  . Analysts suggest that if momentum holds, the next stop is around $110K, followed potentially by $120K upon confirmation .

3. Macro Tailwinds

A ceasefire in the Middle East, easing oil prices, institutional ETF inflows, and weakening USD have all created a favorable backdrop