📅 Date: July 3, 2025
🧠 By: CryptoMarket Insight | Analyst View
Bitcoin has been on a rollercoaster this week, pushing through major resistance levels and sparking renewed bullish sentiment. But with BTC currently hovering around $107K–$108K, the crypto community is asking one burning question:
👉 Can Bitcoin hit $110,000 today?
Let’s break it down ⬇️
📊 Technical Analysis
Immediate Resistance: $110K is a key psychological and technical level. Previous wicks have failed to close above this point.
Volume & Momentum: Current volume is strong but slightly cooling compared to the Monday surge. Momentum indicators (MACD, RSI) are bullish but approaching overbought zones.
Fibonacci Extension: The 1.618 extension from the last breakout puts us right around the $110K zone — a textbook level for a pause or reversal.
📰 Macro Factors Driving Price
ETF Inflows: Spot BTC ETFs continue to see healthy inflows, with BlackRock’s iShares alone pulling in $450M yesterday.
Institutional Demand: CME futures open interest has hit an all-time high — another sign that institutions are heavily positioned long.
Global Risk Sentiment: Dollar weakness and softening Fed tone are giving risk-on assets like BTC a clear path upward.
🔥 Expert Take
While BTC is very close to $110K, a daily close above this level will require:
✅ Sustained buying pressure
✅ No sudden macro shocks
✅ Clean breakout on the 4H and 1D candles
Probability of hitting $110K today: 65%
Probability of closing above $110K: 45%
A quick wick to 110K is likely — but holding it will be the real challenge.
🧠 Pro Tip for Traders:
Watch for liquidations around $109.8K–$110K.
Consider partial profit booking near resistance zones.
Avoid leverage chasing if you're late to the move.
💬 What’s your strategy if BTC hits $110K today? Taking profits or riding the wave to $120K? Share your thoughts in the comments 👇