Bitcoin trades at $110K, stabilizes near resistance levels. Here is what experts say

Bitcoin rose nearly 3% to trade at $110,947 on Monday, with experts noting that BTC is stabilizing near resistance levels. A breakout could act as a massive trigger for broader upside, even as debates around a potential $100K correction persist.

“Bitcoin is stabilizing near resistance levels, where a breakout could be a massive trigger for broader upside, even as debates around a potential $100K correction linger. Encouragingly, BTC’s illiquid supply has hit a record 14.3M, showing long-term holders continue to accumulate, though weakening treasury demand hints at shifting conviction drivers,” said Avinash Shekhar, Co-Founder & CEO, Pi42.

Also Read | Best large & mid cap funds to invest in September 2025At 11:12 AM IST, Bitcoin was trading at $110,919, marginally up 0.22% over the past 24 hours and nearly 2.78% over the past week. Ethereum, meanwhile, was trading at $4,292, down 0.10% in the past 24 hours and 2.54% over the last seven days.According to CoinMarketCap, the overall cryptocurrency market capitalization stood at around $3.83 trillion on Monday.

“Dogecoin is leading an altcoin surge, with Solana, XRP, and Tron also riding renewed momentum. Momentum in Solana and XRP is further backed by growing adoption stories like remittances, while $6B in XRP flows and ETF speculation fuel active trading interest. Fed rate cut hopes remain a supportive macro tailwind, but it is the combination of resilient accumulation and altcoin leadership that is shaping near-term optimism,” Shekhar added.Dogecoin gained nearly 6.66% in the past 24 hours and 9.83% over the past week.Here’s what other experts say:

Edul Patel, CEO of Mudrex

Bitcoin is hovering above $110,000, creating a strong accumulation zone as exchange balances drop to multi-year lows. Ethereum shows a similar setup, with whales accumulating over 218,000 ETH in just two days, easing sell-side pressure. While steady accumulation indicates strong investor confidence, it is yet to reflect in price action. A positive macro number, such as softer inflation data, could trigger the next leg of the rally. If buyers defend $110K successfully, a move towards $116,000 is likely, regaining bullish momentum.

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Parth Srivastava, Head of Quant, 9Point Capital’s Research Team

Bitcoin maintains strong structural support as institutional inflows rise and on-chain data signals sustained demand. With liquidity improving and macro sentiment stabilizing, a medium-term bullish outlook is expected, targeting continued accumulation zones before the next breakout. Volatility remains elevated, but the risk-reward balance favors the upside as buyers steadily absorb supply, reinforcing a constructive bias.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)