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Bitcoin (BTC) Price Prediction: Bitcoin Bulls Target New Highs Despite $110K Resistance Flop

  • 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.

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