#BTCBreaks110K

$BTC Bitcoin Breakthrough Analysis at $110K: What is the Next Step? 🚀

Overview

- *Bitcoin Surpasses $110,000 Barrier*: On June 11, 2025, Bitcoin achieved a significant technical milestone by breaking through the $110,000 barrier.

- *Key Drivers*:

- *Inflation Easing*: The Consumer Price Index (CPI) for May fell below expectations, boosting hopes for interest rate cuts in September.

- *Institutional Flows*: Bitcoin exchange-traded funds attracted $386 million, raising total assets under management to $131 billion (6% of market value).

- *Supply Pressure*: Exchange reserves are declining as leverage continues to be cleaned up.

Technical Picture

- *Resistance Test*: Bitcoin tested the $110K level twice in 24 hours before the breakout.

- *Bullish Indicators*: RSI and SMA signals remain positive.

- *Next Targets*: Analysts expect Bitcoin to reach $120K-$150K with immediate resistance at $112K-$114K.

Trading Strategy

- *Buyers*: Monitor Bitcoin's continued trading above $110K with volume confirmation.

- *Sellers*: Watch for rejection at the resistance area of $112K-$114K.

- *Risk Management*: Volatile breakouts require a tight stop loss.

Conclusion

- *Strong Fundamentals Support the Move*: However, the $112K-$114K area will determine whether this breakout is genuine or just a temporary spike.

Currently, Bitcoin is trading at around $108,435.67, with a decrease of 1.09% from the previous price ¹.