#BTCReclaims110K

Bitcoin's current price is around $110,280, having gained nearly 2.4% in the past 24 hours. The cryptocurrency briefly touched a high of $110,529.18 before slightly dropping to $109,204.26, according to recent data. Analysts predict that if Bitcoin sustains above $108,740 and breaks above $110,000, it could begin to move higher, potentially targeting $110,545 and beyond ¹ ².

Some key resistance levels to watch are:

- *$110,000*: A crucial psychological level that could unlock further gains if breached

- *$110,545*: The next potential target if Bitcoin breaks above $110,000

Support levels to keep an eye on are:

- *$108,740*: A crucial level that needs to hold for Bitcoin to continue its upward trend

- *$107,770*: A potential support level if Bitcoin experiences a decline

- *$106,685*: Another support level that could come into play if the price drops further

Overall, Bitcoin's price movement suggests a moderately bullish sentiment, with the Relative Strength Index (RSI) at 59. However, experts remain cautious due to broader macroeconomic concerns and global economic uncertainty ¹.