Bitcoin<\/a><\/strong> is engaged in a decisive battle at $110,947<\/strong>, hovering just above its Bull Market Support Band (20-week SMA at $110,000<\/strong> and 21-week EMA at $108,000<\/strong>). As long as BTC remains above this key technical zone, the bullish trend<\/strong> remains intact. The immediate bounce from the $107,500<\/strong> low demonstrates the strength of institutional demand, transforming this zone into an accumulation opportunity<\/strong> rather than an exit signal.<\/p>\n\n\n\n Sustained maintenance above $110,000<\/strong> will be crucial to confirm the technical rebound. If validated, the market could target the all-time highs at $124,000<\/strong>. Conversely, a breakdown below the band would open the path to the critical support at $97,000<\/strong>, corresponding to the 50-week SMA<\/strong>, a level that has never been breached during this bull<\/a> cycle.<\/p>\n\n\n\n