#BTCReclaims110K Bitcoin reclaiming $110,000 is a significant milestone, sparking various opinions among analysts and traders. Here are some key perspectives¹ ² ³:

- *Bullish Sentiment*: Many believe Bitcoin's long-term picture is rosy, particularly with the upcoming 2025 halving event. Some analysts predict a rise to $114,000, potentially extending to $143,000, driven by ETF inflows and Fed rate cut hopes.

- *Resistance Levels*: Immediate resistance is seen near $110,000, with key resistance at $110,500. A close above this level could send the price to $112,000 or even $113,200.

- *Short-Term Fluctuations*: Others warn that the rally might be leverage-driven, citing a spike in Open Interest. This could lead to increased volatility and potential corrections.

- *Support Levels*: Key support levels are identified at $107,850 and $106,400, with the main support sitting at $105,000. If Bitcoin fails to rise above $110,000, it may begin to decrease.

- *Market Sentiment*: The daily RSI indicator sits at 59, suggesting a moderately bullish sentiment. However, derivative data shows professional traders are cautious, with a one-month futures premium below the 5% neutral threshold.

Overall, opinions on Bitcoin reclaiming $110,000 are mixed, with some seeing it as a sign of continued growth and others warning of potential corrections