Bitcoin briefly dropped below $108,000 after U.S. inflation (CPI) rose to 2.4%, but many investors are still feeling confident. Experts say Bitcoin could recover and head toward $110,000, or even higher.
💹 Investors Still Buying, Not Selling
Even with price ups and downs, investors are pulling their Bitcoin off exchanges and moving it into personal wallets. This usually means they plan to hold it long-term, expecting the price to go up later.
There’s also no sign of major panic selling, which is a good thing. Many people see the recent price dip as a chance to buy more, not a reason to worry.
📊 Technical Signs Look Strong
Bitcoin is still trading above its important long-term averages (111-day, 200-day, and 365-day). These levels often act as support during dips, showing that the overall trend is still strong.
If Bitcoin climbs back above $108,000, it might try to break past $110,000 again. If it can hold that level, the next target could be the all-time high of $111,980.
⚠️ What to Watch For
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Key support: Bitcoin needs to stay above $106,265 to keep the bullish trend alive.
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If it drops below that, it could fall toward $105,000, which would be a warning sign.
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But for now, strong buying pressure and no big sell-offs suggest Bitcoin is still in a good place.
✅ Summary
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Bitcoin dropped under $108K after U.S. inflation rose to 2.4%
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Investors are still buying and moving BTC to private wallets
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Holding above $106,265 is key for a bounce back
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If Bitcoin climbs past $110K, it could retest its all-time high of $111,980
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Technical data and investor actions point to continued strength
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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