Bitcoin Analysis Today: Is BTC Ready to Break $110,000?
Saturday, June 28, 2025 — The price of Bitcoin (BTC) has once again become the main focus of the crypto market today, showing positive movement around $108,000 in the last 24 hours. Many analysts are starting to wonder: Is Bitcoin ready to break the psychological level of $110,000?
Bullish Momentum Still Strong
The increase in Bitcoin's price in recent weeks has been driven by several key factors, including:
- Increased institutional interest, especially from large financial companies that continue to allocate funds to BTC.
- US inflation data that is beginning to ease, providing a fresh breeze for risk assets.
- The Bitcoin halving that occurred last April, which is starting to show its effects on the supply side.
According to technical analysts, the strongest resistance level currently stands at $110,000. If the price can hold above $108,000 in the next two days, the chances of a breakout are very open.
Technical Indicators Support the Rise
Based on the RSI (Relative Strength Index) indicator, Bitcoin is currently still in the neutral zone, with an upward tendency. The 50-day and 200-day Moving Averages also show a golden cross pattern — a strong technical signal that the long-term trend remains bullish.
Daily trading volume has also increased by about 12% compared to last week, indicating that market enthusiasm is still strong.
Constraints and Potential Corrections
Although the outlook seems bright, there is still the potential for short-term corrections. Several risk factors to watch out for include:
1. Regulatory uncertainty in the US and Europe
2. Profit-taking actions by short-term investors
3. Global sentiment that can change quickly, including from the stock market and geopolitics
Conclusion: BTC Heading for $110,000, But Beware of Corrections
Overall, Bitcoin still has a great opportunity to reach and even break the $110,000 mark in the near future. However, investors are advised to remain cautious of short-term volatility and to maintain a prudent investment strategy.