🚀 Bitcoin Breaks Out: $110,500 Target in Sight as Crypto Rally Accelerates

Bitcoin just smashed through a critical resistance level—and now traders are eyeing a moonshot to $110,500. Here's why the bulls are back in charge.

### The breakout that changes everything

After weeks of consolidation, BTC's decisive move above key resistance has technical analysts scrambling to update their charts. The last time we saw this kind of momentum? Right before the 2024 bull run.

### Altcoins playing catch-up

While Bitcoin leads the charge, major altcoins are finally waking up. Ethereum, Solana, and BNB are all posting double-digit gains as liquidity floods back into crypto markets—proving once again that when BTC sneezes, the whole market catches a cold.

### Wall Street's FOMO moment

Institutional money is piling in faster than a hedge fund manager chasing performance fees. With spot ETF volumes hitting new records and MicroStrategy adding to its war chest, the smart money is betting this rally has legs.

### The cynical take

Of course, this surge comes just as the Fed hints at rate cuts—because nothing makes risky assets more attractive than the desperate flailing of central bankers. But hey, we'll take the liquidity while it lasts.

One thing's clear: The crypto winter is over. Whether you're a diamond-handed HODLer or a late-to-the-game institutional suit, the train is leaving the station.

Open interest data also shows that traders have jumped back into the market as the volume of outstanding futures contracts has climbed back to its highest level since June 10.

This Needs to Happen for Bitcoin to Confirm an Upcoming Push to $110K

Looking at the 4-hour chart, Bitcoin has jumped above a key resistance area and could soon consolidate its bullish breakout if it retests and bounces off this level at $106,500.

If that happens, we could see bitcoin rising to $110,500 in no time. Bulls have a paved way to that level as they will encounter significant liquidity along the way from the weekend’s shorts.

The only thing that could derail this recovery WOULD be a clear indication that tensions are escalating once again beyond the United States’ control. For example, a big attack from Iran to Israel or a complete violation of the cease-fire that leads to a wave of missile launches on both sides.

The Relative Strength Index (RSI) shows the strength of the uptrend as it is now nearing overbought levels in this lower time frame. This indicates that momentum favors bulls.

Moreover, the 9-period and 21-period exponential moving averages (EMAs) have crossed above the 200-period EMA, which is also considered a strong buy signal.

If that happens, this could provide an attractive entry for late buyers.

As Bitcoin rises and recovers some of the territory it has lost, a new crypto presale called BTC Bull Token (BTCBULL) offers investors the chance to earn passive income once the top crypto reaches specific price milestones.

BTC Bull Token (BTCBULL) Rewards Token Holders Based on How the Top Crypto Performs

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The reward scheme is quite simple. Starting at a baseline price of $100,000, token holders will receive a reward for every $25,000 that the top crypto adds to its price.

The first milestone is set at $125,000, at which point a portion of BTCBULL’s circulating supply will be burned.

Next up, once the price reaches $150,000, token holders will receive a direct airdrop of Bitcoin tokens . These actions will be automatically executed by smart contracts that were audited by two blockchain security firms – Coinsult and SolidProof.

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