Analysis of BTC Movement: Break Above 111,000 $

Current Situation

Bitcoin is trading around **111,880 $**, stable in the last 24 hours and consolidating above the level of 111,000 $.

Key Events

1. Institutional Interest:

* Morgan Stanley bought Bitcoin ETF for 188 million dollars.

* Treasury acquired more than 1000 BTC for 147 million dollars.

2. Regulatory Changes:

* SEC and CFTC allowed spot trading of cryptocurrencies.

3. Market Trends:

* Bitwise Europe predicts a peak cycle by 2025.

* CryptoQuant notes that the BTC correction (12%) is below average.

* There is structural divergence between BTC and ETH.

Technical Picture

On the 24-hour chart, there is an upward trend in the range of 110,500—112,500 $. The rise to 112,500 $ was accompanied by an increase in trading volumes.

Short-Term Forecast

The market maintains a bullish sentiment with a possible short-term fluctuation. Holding the level of 111,000 $ is important for continued growth, the next resistance is 112,500 $.