What to expect from Bitcoin this week? Is $110,000 possible?

There are two parts in this analysis, the fundamental/sentimental analysis and the technical analysis.
Starting with the fundamental analysis, we'll look at what the COT(Commitment of Traders) report shows.
Last week the institutions reduced their long positions by 900+ and their short positions were increased by 100+ positions which potentially led to the bearish BTC last week. Coming into this week, the institutions reduced their longs further but this time only 300+ long positions were reduced and 50+ short positions were also reduced this may be suggesting that the institutions are shifting back to the bullish direction. In all the overall sentiment of the market is bullish according to the COT(Commitment of Traders) report.
Moving to the technical aspects, the goal is to tally our technical analysis with market sentiment.
If we look at the daily chart below, we can see that Bitcoin is reacting away from a daily support area;

Moving to the 4 hours time frame, we see a bullish range has been formed;

Next, if we apply the fib and mark out our optimal trade entry (0.62-079);

We see that price is moving away from OTE(Optimal trade entry).
Also another 4hour support zone has been formed as seen in the image below;

In conclusion, Bitcoin is showing and has the potential to be bullish this week but since the institutions aren't adding new longs to Bitcoin therefore, I(we) can only wait and see if it will reach $110,000 going into next week.

Please, do have a wonderful week.