Bitcoin is back above $110,000, regaining momentum after a volatile stretch that tested investor sentiment.
According to data, BTC trades near $110,822, up 2.74% in the past 24 hours, with daily trading volume surging over 66% to nearly $60 billion. The market’s sharp recovery comes amid renewed optimism in risk assets and steady inflows across crypto exchanges.
Key Resistance and Accumulation Phase
Analysts now focus on a crucial resistance range between $115,000 and $116,000. Technical outlooks suggest that a confirmed breakout above this level could set the stage for a push toward $120,000, potentially reigniting the broader bull cycle.
Bitcoin’s consolidation around $110K reflects an “accumulation phase” — a period of quiet strength where long-term holders are steadily absorbing supply.
Global Risks and Market Outlook
Still, global risks remain a key variable. The International Monetary Fund (IMF) recently cautioned about rising chances of a “disorderly market correction,” citing high valuations, tightening liquidity, and crypto’s growing integration with traditional finance.
If momentum continues and Bitcoin breaks resistance, analysts see room for a renewed rally. However, a rejection near $115K or a loss of support at $110K could drag prices back toward $100K, keeping markets on edge as the next decisive move approaches.