#BTC Bitcoin's climb toward $109,000—and even touching $111,000 intraday—is a striking signal of renewed bullish momentum in the crypto market. Institutional demand remains strong, with significant inflows into spot ETFs and whales accumulating off-exchange holdings.
Macroeconomic factors—such as hopes for a Federal Reserve rate cut, easing U.S.–China trade tensions, and even tariff-related uncertainty—are boosting risk-on sentiment and benefiting crypto business day.
Some analysts are pointing to a “rising wedge” pattern and resistance around $109.7 K–$110 K; a breakout above might propel btc toward its May high near $112 K economic times.
2. However, momentum shows signs of wavering at these levels, signaling that fresh catalysts—like clearer Fed guidance or strong inflows—will be critical to sustain the rally.