Bitcoin Hits New Highs: $110,000 as Institutional Investors Fuel Bull Run

Bitcoin’s price is approaching a crucial resistance level near $110,000 after reaching a fresh yearly high of over $103,000. This surge follows significant investments from major institutional investors like MicroStrategy and Metaplanet. These firms injected over $1.5 billion into Bitcoin over the past week alone, driving up demand. Additionally, technical indicators suggest continued bullish momentum in the near term.