Why is Bitcoin having such a hard time in blowing past $110,000?

Despite a year of significant bullish momentum, Bitcoin has repeatedly failed to break through the psychologically and technically significant $110,000 barrier, at least sustainably. After reaching an all-time high of $111,700 in May, the world’s largest cryptocurrency by market cap has been stuck in a tight range between $103,000 and $108,000. This has puzzled investors,

Source: Invezz