Ascending

Bitcoin has decisively reclaimed critical support areas after testing the $107,300 level and is now trading between $108,700 and $111,750. The rebound from $108,324 to $110,700 indicates renewed buying strength, with immediate resistance at $111,000 becoming a key focal point. Technical patterns suggest a likelihood of continued upward movement if this level is decisively breached. Key influencing factors in the discussion remain institutional accumulation, with both BlackRock and MicroStrategy collectively holding 1.29 million Bitcoins. ETF inflows, including BlackRock's IBIT, and strategic purchases by companies like H100 Group ($54 million) and Remixpoint ($215 million), highlight increased corporate confidence. Regulatory developments in the U.S. and a weakening DXY index (12% decrease year-on-year) add macro support, while the contraction of the Bollinger Band indicates potential for increased volatility. Trading implications show mixed signals: the Relative Strength Index (RSI) aligns perfectly with bullish momentum (100% accuracy), while the MACD remains neutral (55% accuracy for bullish trend). Traders should monitor: