Bitcoin is currently trading at approximately $94,467, reflecting a modest increase of 0.12% over the past 24 hours. The cryptocurrency reached an intraday high of $95,533 and a low of $93,580.

Despite this slight uptick, Bitcoin remains below the significant $100,000 resistance level. Analysts suggest that while institutional interest is growing, a novel catalyst may be required for Bitcoin to surpass this threshold.

On-chain data indicates a healthy market structure, with long-term holders supporting Bitcoin's floor price. This suggests a mature bull trend, as the realized price has increased by 61.82% year-over-year, while the market value has decreased by 8.98%.

Institutional adoption continues to advance, with Arizona moving closer to establishing a Bitcoin reserve, reflecting broader efforts at the state and federal levels.

Overall, Bitcoin's price action remains in a pivotal zone, and upcoming macroeconomic data releases could significantly impact its direction. Traders are adopting a cautious approach amid market volatility. $BTC