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Bitcoin (BTC) Price Today: Bitcoin Price Hits $110K as Bulls and Bears Fight for New Direction

  • Bitcoin price hits $110,280 with a 2.4% gain in the past 24 hours, nearing the $110,000 level.
  • Analysts are divided on the sustainability of Bitcoin's recent momentum as institutional interest grows and trade deal optimism rises.
  • On-the-ground factors such as technical analysis, institutional accumulation, and mixed sentiment in derivative markets contribute to Bitcoin's current price movement.
  • While short-term fluctuations are expected, long-term outlook appears positive fueled by institutional interest, upcoming halving event in 2025, and macroeconomic data.

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