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.