#BTCReclaims110K This Thursday, Bitcoin once again crossed the barrier of 110,000 USD, with a rebound of 2.27%, according to Cryptotimes.
Its recovery from levels close to 98,000 USD in June has been impressive, registering an increase of 90%.
Technically, it surpassed the resistance at 108,000 and the technical indicators (RSI and MACD) remain in bullish territory.
Financemagnates notes that $BTC closed June at its highest monthly level and its structure suggests that the next target is around 115,000 USD.
The renewed appetite from investors via ETFs drives this revaluation.
The current range, between 102–120k, indicates a healthy consolidation, but being close to the upper part, BTC could be heading towards testing new records.
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