Bitcoin's market is currently showing positive momentum, with the price hovering around $94,600. Recent data indicates a 1.17% increase in the past 24 hours, and a substantial 11.16% rise over the last week. This upward trend is supported by significant institutional inflows into Bitcoin investment products, reaching a record $3.188 billion last week.
Analysts like Peter Chung from Presto predict a bullish outlook, suggesting Bitcoin could reach $210,000 by the end of 2025, driven by strong institutional demand and global liquidity growth. Despite some minor corrections, Bitcoin remains above the key support level of $93,500. Technical analysis indicates a short-term positive trend with increasing investor optimism. However, high RSI levels suggest potential overbuying, warranting some caution. Overall, the market sentiment is leaning towards further gains in the near term.
