#BTC110KToday? Bitcoin is slowly approaching the symbolic threshold of 110,000 dollars. Today, it is hovering around 107,000 dollars. All eyes are on this key level that could trigger a new bullish wave.
This movement is supported by several factors. The inflows of money into Bitcoin ETFs remain very significant. Institutional demand is strong and continues to grow. The US dollar is declining, which benefits assets like Bitcoin. The latest economic data, particularly the Core PCE, raises hopes for a more flexible monetary policy from the Federal Reserve.
Analysts estimate that if Bitcoin surpasses 110,000 dollars with good volumes, it could quickly target 112,000 then 120,000 dollars. Some even talk of a possible rise towards 130,000 in the coming weeks.
For those trading short-term, it will be important to closely monitor the market's reaction around 110K. For long-term investors, the context remains favorable for a strategy of regular accumulation.
The hashtag #BTC110KToday reflects the growing enthusiasm around this new milestone. The market is on alert. Breaking through 110,000 dollars could be a historic moment.