Bitcoin has recently surpassed silver to become the seventh largest asset in the world by market value, reflecting strong institutional inflows.

ETFs Inflows: Bitcoin spot exchange-traded funds (ETFs) in the United States have seen record inflows, indicating strong institutional interest.

Target of $100,000: Some analysts believe Bitcoin is targeting the $100,000 level in the near term, supported by these institutional inflows and positive developments.

Nearby Resistance: There is strong resistance near the $95,500 - $96,000 level, which could lead to some consolidation or a slight correction.

Support: There is strong support at the $92,000 level.