#BTC110KToday? Bitcoin Analysis Today: Is BTC Ready to Break $110,000?

Saturday, June 28, 2025 — The price of Bitcoin (BTC) is once again the main focus of the crypto market today, after showing positive movement around $108,000 in the last 24 hours. Many analysts are beginning to wonder: Is Bitcoin ready to break the psychological level of $110,000?

Bullish Momentum Remains Strong

The rise in Bitcoin's price in recent weeks has been driven by several important factors, including:

- Increased institutional interest, especially from large financial companies that continue to allocate funds to BTC.

- US inflation data that is starting to ease, providing a boost to risk assets.

- The Bitcoin halving that occurred last April, which is beginning to show its impact on the supply side.

According to technical analysts, the strongest resistance level currently is at $110,000. If the price can hold above $108,000 in the next two days, then 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 is still bullish.

Daily trading volume has also increased by about 12% compared to last week, indicating that market enthusiasm has not waned.