$BTC

🚀 Bitcoin Nears $100K: Is the $250K Milestone Next?

Bitcoin ($BTC) has surged past $97,000, its highest in over two months, edging closer to the psychological $100,000 mark. This rally is fueled by reports of Morgan Stanley introducing spot cryptocurrency trading on its E*Trade platform and MicroStrategy's announcement of a $21 billion equity offering to acquire more Bitcoin.

Technical analysis indicates a breakout from a descending channel and pennant pattern, signaling bullish momentum. While the RSI suggests strong price action, lower trading volumes warrant caution. Key resistance levels are at $100,000 and $107,000, with support at $92,000 and $85,000.

Analysts are optimistic, with predictions ranging from $150,000 to $250,000 by the end of 2025, driven by institutional adoption and favorable regulatory developments.

Stay informed and consider the potential opportunities as Bitcoin continues its upward trajectory.