📈 #Can BTC Break $110K?#

Bitcoin, making a fast entry into 2025, has started to challenge the $105,000 range in recent weeks.
So, can this upward momentum push BTC above 110,000 dollars?
🔍 Macroeconomic Factors:
• The FED's interest rate cut signals are increasing appetite for risky assets. This means a liquidity advantage for BTC.
• The US CPI data came in below expectations. The decrease in inflation pressure is a positive signal for assets with limited supply, such as Bitcoin.
🔥 On-Chain Data:
• There is a significant increase in off-exchange transfers as whales are pulling their BTC into wallets. This indicates that selling pressure is decreasing.
• The number of new addresses surpassed the 2021 bull season.
Demand is strong, but supply is limited.
This formula has historically driven the price up.
🚀 ETF Impact:
• Institutional inflows into spot Bitcoin ETFs continue. In just the last 30 days, BlackRock's IBIT fund saw a net inflow of 2.3 billion dollars.
• This demand is seriously pressuring the current supply of BTC. According to experts, this could be a catalyst that makes the price "parabolic."
📊 Technical Outlook:
• 102K level has become a strong support.
• RSI is still not in the overbought zone.
• If BTC breaks the 110K resistance, the next target could be the 130K – 138K range.
🧠 So what do you think? Will Bitcoin break this level and make history, or is a correction around the corner?
Let's meet in the comments 👇