Bitcoin targets 110,000 USD: Bitcoin consolidates above the monthly open, signaling a bullish outlook toward 110,000 USD. Maintaining support between 98,000 and 99,000 USD is crucial for sustaining momentum, as traders monitor these levels to gauge potential upward movements.

Investor sentiment remains cautious: despite positive signs, traders are wary of sudden price movements. Breaching the 110,000 USD level could stimulate buying, yet external factors like interest rates and inflation data might affect market behavior. Institutional adoption and liquidity improvements add Optimism.