đš **#BTC110KToday? Bitcoin Nears SixâFigure Milestone!**
Bitcoin surged above $108Kâ$109K this week, backed by robust institutional demand, rising ETF inflows, and easing geopolitical tensions . Here's whatâs fueling the momentum:
đ Price Action & Technicals
Bitcoin recently traded in the $106Kâ$108K range, with bulls targeting the $108.7K resistance.
Analysts note a breakout above this level could trigger a surge toward $110K, and potentially beyond.
đŠ Institutional & ETF Flows
Weekly ETF inflows exceeded $1âŻbillion, fueling upward pressure and sustained buying .
Corporate accumulation and hodler conviction are also keeping price action strong.
âł Whatâs Next?
Breaking above $110K with convictionâi.e., closing above this levelâcould open the path to $112Kâ$115K.
But if resistance holds, traders may see a fallback to support around $105Kâ$106K.
đ Quick Take
â Bullish momentum: technicals + infrastructure funds
â Near-term breakout likelyâ$110K is the next key level
âïž Watch for rejection: fallback to $103â106K possible
đŁïž Over to you:
Is today the day BTC crosses $110K? Or is it holding just below, preparing for the next run? Sound off below! đ
đŁ Share this insight and stay tunedâmore updates are coming.
