Bitcoin Poised for a Breakout

🔵Bitcoin is trading around $104,500 after a sharp rally from $95,000 that began on May 8. The market has now entered a consolidation phase between $104,000 and $105,500 — a range that often precedes a fresh upward move. The next resistance level sits at $106,000, and a breakout could pave the way toward $110,000. The RSI remains in moderately overbought territory, still allowing for continued upside momentum.

🔵Analysts at 10x Research point to a 28% surge in Coinbase stock as a strong signal of institutional demand. Further support for the trend comes from expectations of a Fed rate cut, ongoing U.S.-China negotiations, and record inflows into Bitcoin ETFs. All signs point to a potential continuation of the rally in the coming days.