Bitcoin Hits $110K: Will History Repeat with a Major Breakout?

Bitcoin’s monthly RSI has surged to over 70, crossing into the overbought zone, indicating strong bullish momentum. With just ten days left in this month, traders are eyeing a potential breakout above $110,000 and whether this will mirror past significant price movements. Historical data suggests that similar breakouts have resulted in substantial gains of $22,000 and $33,000. The current rally reflects a notable shift in market dynamics, leaving the question hanging: Will this be the largest breakout yet? Analysts are closely monitoring for confirmation as traders await the final days’ closing of the month.