🚨Bitcoin is about to explode⁉️💥 Breakthrough of $95K, institutions frantically pushing it up to $114K?😱🔥
Bitcoin (BTC) has broken out of a descending wedge, rebounding strongly from $95,046, and market sentiment is high! Currently consolidating in the $93,000-$95,500 range, the Fear & Greed Index shows whales and institutions rekindling their enthusiasm.
Institutional funds surge
Glassnode data: Inflows surged from $1.5 billion to $15 billion in just 10 days! The net inflow of US spot BTC ETF is 6,900 coins, and whales are buying heavily, indicating a rebound storm is imminent.
Technical outlook bullish
Analyst Ali Martinez states that if BTC holds above $95,870, it could surge to a new high of $114,230! However, if it falls below $93,000, it may retrace to $88,000 before bouncing back. An upward trend is expected, but investors should be cautious!