🚀Bitcoin $BTC Eyes $100K Amid Institutional Inflows and Market Optimism Bitcoin (BTC) is currently trading at $95,284, reflecting a 1.51% increase over the past 24 hours.
📊Market Highlights:
• Current Price: $95,430
• 24h Trading Volume: $32.12 billion
• Market Cap: Approximately $1.87 trillion
• 24h Range: $94,258.89 - $95,328.05
The recent surge in Bitcoin's price is attributed to significant institutional inflows, particularly from U.S. spot Bitcoin ETFs, which recorded $591.3 million in net inflows on Monday. BlackRock's IBIT led the pack with $970.9 million, indicating strong institutional demand.
📈Technical Outlook: Analysts suggest that if Bitcoin breaks above the $95,150 resistance level, it could pave the way toward the next resistance around $100,000.
💡Investment Insight: Standard Chartered's Geoff Kendrick predicts that Bitcoin could reach a new all-time high of $120,000 in the second quarter of 2025, driven by factors such as economic uncertainties, increased institutional interest, and a shift toward Bitcoin as a safe-haven asset.
🤔Community Question: Do you believe Bitcoin will maintain its momentum and reach new highs in the coming months? Share your thoughts below!