$BTC
Bitcoin is currently trading around $95,000, showing some consolidation after a recent rally. Technical analysis suggests a potential push towards the $100,000 mark, supported by strong on-chain fundamentals and increasing institutional interest, as evidenced by significant ETF inflows. Long-term holders are showing conviction, and the year-over-year realized price indicates a healthy market structure.
However, some analysts note that the current rally might be leverage-driven, and a pullback to the $91,000 level could be possible. Overall, the short-term momentum is positive, but traders are also eyeing upcoming macroeconomic data releases for further direction. Standard Chartered has even projected Bitcoin reaching $120,000 in Q2 2025, citing factors like the US Treasury term premium and whale accumulation.