🚀 $BTC breaks $110K – Breakout or bull trap? 🟢🪙 ( IMP )
📅 June 11, 2025 | $BTC is pushing fresh highs—officially cracking the $110,000 barrier for the first time in days, reaching ~110k
🔍 Why now?
📉 Cooling inflation in the U.S. (May CPI < expectations) is raising hopes of an actual Fed rate cut in September decrypt.co.
🏦 Institutional flows remain strong—$BTC spot ETFs saw a ~$386M inflow recently, pushing total U.S. ETF AUM to $131B (over 6% of BTC’s market cap) ccn.com+1analyticsinsight.net+1.
💼 On‑chain & technicals: exchange reserves are shrinking, leverage clean‑up ongoing, and btc has tested $110K twice in 24 hours ccn.com+15crypto.news+15news.bitcoin.com+15.
📊 Looking ahead:
RSI & SMA indicators remain bullish—Analysts anticipate a potential run to $120K–150K, with key resistance around $112–114K .
But macro‑shocks, equities correlation, and profit‑taking could cap the rally .