#BTCReclaims110K
🚀 What’s Driving BTC Above $110 K?
Strong ETF inflows: U.S. spot Bitcoin ETFs saw over $400 M flow in yesterday, bringing total lifetime inflows to nearly $49–52 B — a primary driver behind the price surge .
Technical breakout: BTC has decisively broken above the $108–110 K resistance zone, with rising RSI and MACD crossovers, boosting momentum toward ~$115 K .
Macro bullish conditions: A softer dollar, shifting Fed rate expectations, and a visa-friendly geopolitical backdrop (e.g., U.S.–Vietnam trade deal) are enhancing appetite for risk assets .
🧭 What Analysts Are Watching
Indicator Level to Watch Commentary
Key resistance $112 K BTC is just shy of May’s all-time high near $112 K — breakout could unlock further upside
Support $108 K / $107 K Analysts cite these as crucial zones; holding above confirms strength
Next target $115–143 K Short‑term target $115 K; Rosenberg Research forecasts $143 K (+25%) if BTC clears $114 K
🛑 Risks to Watch
Macro volatility: Upcoming U.S. employment data and Fed policy updates (e.g., potential rate cuts), plus congressional budget/tariff deadlines, could cause swings .
On‑chain & volume dynamics: Analysts stress the need for on-chain and spot volume to pick up; otherwise, the breakout may lack conviction .
📊 Summary
Bitcoin has convincingly reclaimed the $110 K level, supported by record ETF inflows and strong technicals. Bulls are eyeing a push toward $112 K, with next-level targets between $115–143 K. The near term could be choppy — catalysts like nonfarm payrolls, rate policy, and macro swings may influence direction. Holding above $108 K/$107 K will be key to sustaining the bull case.
