$BTC Bitcoin (BTC) remains strong, trading around $95,000, after a week of strong upward momentum. With a market capitalization close to $1.87 trillion, BTC shows resilience against global market volatility, consolidating as a safe-haven asset amid economic uncertainty. Bitcoin ETFs in the U.S. recorded net inflows of $591 million, reflecting renewed institutional interest.
Technical analysts point to an ascending triangle pattern on 4-hour charts, with a target close to $99,600, supported by indicators like the MACD and RSI. Additionally, BTC's correlation with gold (0.70) exceeds its link with the Nasdaq (0.53), reinforcing its narrative as “digital gold.”
Despite the defeat of pro-BTC candidate Pierre Poilievre in Canada, sentiment remains bullish, driven by corporate adoption, such as the recent purchase of 35 BTC by the Japanese group ANAP. With predictions pointing to $120,000-$200,000 for 2025, Bitcoin continues to capture global attention.