Bitcoin Surges Above $111K, Signaling Bullish Momentum

The cryptocurrency market is experiencing a surge in Bitcoin’s price today as it breaks above the $111K level and trades around $112,012. This increase represents a shift from uncertainty to renewed bullish momentum, driven by factors like expanding DeFi applications and growing institutional investments. 4-hour chart analysis suggests an inverted head-and-shoulders pattern has completed, with the neckline breakout confirmed at around $111.2K. The RSI across all key timeframes is also recovering, indicating increasing buying interest.