Bitcoin woke up today, stretched a little, and decided to flirt with $110,000 — again. Naturally, crypto Twitter went into full chaos mode, with everyone screaming #BTC110KToday? like it’s a holiday.
But let’s calm down and look at the data.
Macroeconomic setup?
The recent #USCorePCEMay report showed softer inflation. Translation: Jerome Powell might not break our backs with more rate hikes.
Result? Risk-on appetite is back on the menu, baby.
Market structure?
BTC broke resistance at $104K with strong volume. Some analysts are eyeing a clean run to $110K — assuming no one tweets something catastrophic (looking at you, Elon).
Funding rates are heating up, though. So don’t FOMO too hard — or your liquidations will hit faster than your food delivery.
Sentiment?
Everyone’s bullish. Which is… slightly terrifying.
But also maybe it’s finally time.
So, will we see #BTC110KToday? Maybe. Maybe not. But whether it happens today, tomorrow, or next week — the trend is up, and the memes are strong.
Trade safely. Or just sit back and enjoy the show with popcorn.
You’ve earned it.