With the pivot to long positions in Bitcoin futures and increased corporate treasury investments, analysts like Benjamin Cowen hint at a potential bull market. However, external economic factors such as global tariffs could pose threats to this outlook. The next major resistance is eyed at $112K, with possibilities of reaching up to $140K under optimal conditions.
Traders should monitor the $100K support level closely, as a sustained drop below this could signal a bearish trend reversal. On the upside, breaking the $110K resistance could pave the way for reaching the $112K and potentially higher thresholds. Keep an eye on institutional movements and global economic indicators for more precise trading decisions.
Bitcoin remains a robust investment with significant upside potential driven by corporate adoption and favorable market trends. However, traders must remain vigilant of external economic factors that could introduce volatility and affect the bullish trajectory.