This video provides a bullish analysis of Bitcoin (BTCUSD). Bitcoin is currently trading at $110,949, representing a 0.78% increase over the last 24 hours. The analysis highlights positive regulatory developments, including joint statements from the SEC and CFTC regarding registered exchanges offering spot cryptocurrency trading with margin and leverage. This is viewed as a friendly US stance towards digital assets. Michael Saylor's Strategy purchased 4,048 BTC and in total, Strategy holds 636,505 BTC worth around $46.95 billion with an average cost of $73,765 per coin. The RSI has climbed to 57, signaling improved buying strength, and the MACD histogram has turned positive, indicating a potential bullish crossover. Bitcoin is pressing resistance near $111,745. A breakout could target $113,435 and $115,475. The price action produces bullish engulfing candles, reinforcing momentum. The analysis is bullish with $130,000 being increasingly credible. Bitcoin’s consolidation may be less a ceiling and more the base for its next major rally and that's why the video is projecting the bullish target price.