Bitcoin has surged past the $110,000 threshold, fueled by a strong rally that could push it to its strongest May in years. Experts highlight key factors driving this momentum, including expanding DeFi applications and increasing institutional investments. Trader Jelle predicts breaching this level will trigger price discovery, opening the door for rapid gains. The potential exists for large-scale liquidations above $107,000, according to data from CoinGlass. Technical analysis suggests a powerful breakout is in motion as Bollinger Bands widen, signaling increased volatility. Analysts point to multiple factors supporting this surge: the upcoming golden cross on the daily chart and halving-driven supply constraints alongside sustained institutional inflows. Should buyers succeed, cascading liquidations are expected to propel BTC past $110,000 before a period of equilibrium emerges.