š $BTC remains king ā but are we at a breakout or a bull trap?
With Bitcoin hovering above the $110K mark, market sentiment is cautiously optimistic ā but volatility is creeping in again. Hereās the latest on the king of crypto š
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š„ Key Drivers Right Now:
ā¢ šŗšø #TrumpBTCTreasury fueling bullish sentiment
ā¢ š¼ ETF inflows remain strong, with institutional demand growing
ā¢ š Global interest in BTC treasuries is gaining momentum (El Salvador-style strategies going mainstream?)
ā¢ ā ļø But macro uncertainty (Fed rates, inflation data) still looms large
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š§ What Traders Are Saying:
ā¢ š Some see $120K+ as the next target if current resistance flips to support
ā¢ š§± Others expect sideways movement or pullback if momentum fades
ā¢ š On-chain data shows accumulation by long-term holders, but short-term whales are trimming
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š Reminder: Bitcoin isā¦
ā¢ š¦ A store of value for institutions
ā¢ āļø A collateral asset for DeFi
ā¢ šļø A freedom tool in regions with strict capital controls
