Bitcoin is trading below $108,000 support but holding steady after facing resistance at $110,000.
Technical analysis indicates that despite concerns of a short-term correction, strong trend structure signals a potential breakout targeting $119,500.
Macro factors such as President Trump's spending initiative and growing market confidence suggest bullish momentum for Bitcoin.
Experts note that open interest in Bitcoin has surged, indicating heightened market activity, with a potential breakout to new highs or further consolidation.