#BTCReclaims110K #Write2Earn! #squarecommunity
Bitcoin hasn't decisively reclaimed and held above the $110 000 mark today—although it ticked above intraday (~$110.387 K high), it's currently back around $109 044 K .
🔍 So is #BTCReclaims110K true or false?
Technically false right now — the key is holding above $110K on a sustained basis, which hasn’t yet happened today.
That intraday pop above $110K reflects short-term momentum on macro optimism (trade news), but it reversed back below, indicating this remains a resistance zone .
🤔 Will it break through or retest?
Several key factors to watch:
Macro catalysts – U.S. trade optimism continues driving sentiment. Fresh data or deal headlines could fuel another breakout .
BTC technical setup – Analysts point to rounded-bottom and breakout patterns targeting between $110K–$140K if upward momentum sticks binance.com+9m.fastbull.com+9digitalcurrencytraders.com+9.
Institutional flows – Spot BTC ETF inflows (~$2.9 B recently) and whale accumulation trends support upward momentum
Scenario Likelihood/Signs What It Means
Sustained breakout
Close above $110K with follow-through upward moves
Likely a strong rally into the next major resistance (~$120 K+)
Failed breakout
Quick rejection and pullback below $109–109.5K
Suggests traders are still uncertain—could lead to choppy range
✅ What to do next
Trend followers may wait for a daily close above $110K before entering or adding positions.
Dip buyers might look to add on pullbacks near $108–109K, assuming support holds.
Risk managers should watch macro newsflow—data releases or trade headlines could prompt volatility.
Bottom line: #BTC has flirted with $110K intraday, but hasn’t held. A true breakout depends on momentum, macro catalysts, and sustained trading above that resistance. Let me know if you'd like alerts for a confirmed daily close above $110K or setup a technical alert system.