Bitcoin has demonstrated robust bullish momentum following a rebound from the $105,000 support level, with technical indicators pointing toward potential upside beyond $111,980. The resurgence aligns with renewed institutional interest confirmed by substantial inflows into spot Bitcoin exchange-traded funds (ETFs), steadily bolstering Bitcoin’s upward trajectory.
Market dynamics now reflect tightening liquidity on cryptocurrency exchanges as Bitcoin’s exchange-held supply diminishes. This reduced availability may amplify future price movements during demand surges, creating favorable conditions for volatility. However, traders monitor key resistance between $110,500 and $111,980 zone, where decisive consolidation above this threshold becomes essential for confirming further gains.
Current sentiment remains decisively optimistic supported by sustained ETF investment patterns and expanding institutional engagement. Should buying momentum persist alongside declining exchange reserves, Bitcoin maintains a credible pathway toward establishing new valuation benchmarks.