$BTC Bitcoin (BTC) is trading around \$110,000 today, maintaining strong bullish momentum after breaking key resistance at \$106,500. The trend is supported by institutional inflows and corporate treasury adoption, with firms like MicroStrategy and GameStop investing in BTC. Technical indicators—including a bounce from the 50-day EMA and bullish MACD—suggest potential upside toward \$112K–\$115K, provided BTC stays above \$106K. AI-based models also label the current trend as “very strong bullish.” Caution is advised ahead of U.S. inflation data (CPI, PPI), which could affect market direction. As crypto funds reach record highs, Bitcoin’s status as a macro hedge remains strong. Watch for resistance near \$110K and support at \$105,800. Overall, sentiment is bullish with upside potential.
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