Will Bitcoin Hit $111k This Week? Analyzing the Potential for a Breakout & the Trump-Musk Feud

Bitcoin (BTC) is trading around $107K, demonstrating resilience above the crucial $105K support level. Following a brief dip from its all-time high in May, the market anticipates whether Bitcoin will reclaim the $111K mark this week. What’s driving this potential surge? Expert analysis suggests that a combination of factors could contribute to such a move. Firstly, recent institutional inflows into spot Bitcoin ETFs are steadily increasing, especially amongst major players in finance. Analysts predict Bitcoin could reach $200K by the end of 2025 and even surpass $300K in 2026. These developments suggest that a potential breakout to $111K is not merely speculation.