Bitcoin Smashes Through $110K Barrier—New ATH Sparks Market Frenzy

Digital gold just got heavier—BTC/USD rockets past $110,000 as institutional FOMO meets retail euphoria. Traders scramble while skeptics mutter about ’irrational exuberance’ (again).

Behind the surge: Spot ETF inflows hit record volumes this week, while macro uncertainty drives capital into crypto’s ’hardest asset.’ Meanwhile, Wall Street analysts still can’t decide if it’s a hedge or a gamble.

Cynic’s corner: Watch legacy finance institutions suddenly ’discover’ blockchain now that their clients demand exposure. Spoiler—they’ll take a 2% management fee either way.

BTC/USD

BTCUSD surged through former top and psychological 110K barrier and hit new record high near112K on Thursday.

The sentiment brightened on growing hopes of progress in crypto regulatory that sparked strong demand from big names and pushed the price higher.

Completion of correction from former all-time high ($109528) signals start of new phase of coin’s broader uptrend.

Sustained break above 110K is needed to confirm fresh bullish signal and open way for fresh advance, as the pair is on track for the sixth consecutive weekly gain and second straight strong monthly advance.

Meanwhile, bulls are likely to take a breather while markets digest the new conditions, with limited dips rather to be a positioning for fresh push higher

Broken key resistances reverted to immediate and solid supports, guarding rising 10DMA (105400) where potential deeper dips should find firm ground.

Stronger acceleration above 110K WOULD unmask next key target at 120K.

111941; 115000; 116985; 117887.
 110000; 109582; 107090; 105400.