Bitcoin 110K Surge: Will It Become the New Support and $150K Target in Focus?

Bitcoin is once again making headlines—this time for soaring past $110,000, a level not seen since its last all-time high in May. 

With spot ETF inflows surging, bullish macro sentiment, and a flood of new retail and institutional interest, traders are now asking: Can $110K become the new support—and is $150K the next big target?

This article breaks down Bitcoin’s latest rally, market sentiment, technical trends, and how macroeconomic dynamics and even meme coins like BTC Bull Token are riding the wave.

Bitcoin Above $110K: The Perfect Storm?

Bitcoin’s recent jump to around $110,375 came on the back of a 2.4% 24-hour price increase, with trading volume skyrocketing to over $56 billion. 

Bullish sentiment on CoinMarketCap has hit 82%, signaling strong retail conviction. But this isn’t just hype—there are several key drivers behind the rally:

• ETF Inflows: Since May 1, Bitcoin ETFs have seen nearly $10 billion in inflows, outpacing BTC price growth and fueling institutional demand.

• Political Catalysts: Statements from Donald Trump criticizing Fed Chair Jerome Powell—and hinting at dovish replacements—have sparked hopes of looser monetary policy.

• Exchange Reserves Declining: Bitcoin supply on exchanges has dropped for over 100 consecutive days, tightening supply and pushing prices higher.

• Technical Breakout: Bitcoin has firmly held above $108,000 support, with bullish indicators like MACD and RSI suggesting room for further upside.

Source: TradingView

Can Bitcoin Hold $110K as New Support?

The $110K region is now a key psychological and technical level. Analysts point to $108K as crucial support, and holding above this zone could validate a breakout. Here's why it matters:

• Market Structure: Short-term patterns show upward momentum, but a drop below $108K could reverse bullish trends.

• Liquidity Levels: Order book data reveals heavy buy walls forming around $108K, signaling institutional interest to defend this zone.

• Historical Trends: July is typically bullish for Bitcoin—with an average gain of 7.14% since 2013 and positive returns in 8 of the last 12 years.

If Bitcoin continues to close daily candles above $110K, the stage could be set for an extended rally toward the $120K–$125K zone, and potentially $150K in the coming months.

Read Also: Truth Social Applies for Bitcoin ETF: Trump's Social Media Platform Growing?

Macro Headwinds: Fed Policy Still in the Spotlight

Despite the bullish rally, hot U.S. jobs data has thrown a wrench into the narrative. 

The nonfarm payrolls report beat expectations and revised May’s numbers upward—casting doubt on a near-term Fed rate cut.

Key takeaways:

• Interest Rate Uncertainty: With unemployment falling and job growth strong, the Federal Reserve may delay rate cuts.

• Market Response: Bitcoin saw a short-lived dip after the jobs report, but structure remains intact as long as BTC stays above $108K.

• Long-Term View: A strong U.S. economy could eventually benefit risk assets like BTC, especially if inflation cools and dovish policy resumes later in 2025.

BTC Bull Token: Riding the Bitcoin Wave

As Bitcoin climbs, meme-inspired projects like BTC Bull Token are seeing massive interest. With over $7.9 million raised in presale and just days before launch, BTCBULL is catching eyes for its unique reward mechanics:

• Bitcoin-Based Rewards: Token holders receive real BTC airdrops at major price milestones (starting at $150K).

• Burn Mechanics: Supply is reduced at $125K and $175K to increase scarcity.

• High-Yield Staking: 51% APY during the presale phase, with over 2 billion tokens already staked.

• Easy Participation: No need for complex DeFi setups—just hold and earn.

This project has gained backing from major influencers and Telegram communities and could benefit from spillover hype as Bitcoin approaches new highs.

Read Also: Bitcoin Price Dips Again: Analysts Warn of Potential Deeper Decline

Conclusion

Bitcoin’s break above $110K may be more than a short-term move—it could be the beginning of a sustained rally toward $150K. Backed by strong fundamentals like ETF inflows, macro tailwinds, and declining exchange supply, BTC appears poised to challenge its May all-time high of $111,970 and beyond.

But with rate cut uncertainty and macro data in flux, investors should watch the $108K support closely. Hold that level, and Bitcoin bulls may have the green light to charge higher.

And for those seeking exposure beyond BTC itself, BTC Bull Token offers a novel way to earn Bitcoin-linked rewards while the market heats up.

FAQ

What caused Bitcoin to rise above $110K?

Strong ETF inflows, bullish sentiment, political factors, and declining exchange supply drove the recent rally.

Is $110K now the new support for Bitcoin?

Analysts suggest that as long as BTC holds above $108K, $110K can act as a launchpad toward higher levels.

What is the BTC Bull Token?

BTCBULL is a meme coin that rewards holders with real Bitcoin when BTC hits price milestones like $150K.

Can Bitcoin reach $150K in 2025?

With continued institutional demand and favorable macro conditions, $150K is a realistic mid-term target.

Will interest rate hikes affect BTC's momentum?

Short-term volatility is possible, but long-term trends favor Bitcoin in a risk-on environment with lower rates.