<ul data-eligibleForWebStory="false"><li>Bitcoin price is hovering around $108,900, with traders eyeing a breakout above $110K, driven by whale activity and Elon Musk's support.</li><li>Bitcoin is experiencing a bullish setup, with price fluctuating between $107,000 support and $110,500 resistance. Technical indicators suggest potential for an upside move.</li><li>Elon Musk's renewed endorsement of Bitcoin and whale accumulation, including purchases by Metaplanet and smaller institutions, are contributing to the positive market sentiment.</li><li>The derivatives market shows bullish sentiment, with significant open interest between $110,000 and $112,000. Positive funding rates and anticipation of a major price move indicate potential for a breakout.</li></ul>

Bitcoin (BTC) Price Prediction: Bitcoin Eyes $110K Breakout as Whales Accumulate and Elon Musk Sparks FOMO

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