$BTC

Bitcoin (BTC) is currently trading around the $94,000 to $97,000 range, demonstrating a recovery after a period of consolidation. Market sentiment appears cautiously optimistic, with analysts noting Bitcoin's break above the $95,000 resistance level, suggesting a potential move towards the psychological barrier of $100,000. Increased institutional interest, as indicated by substantial inflows into U.S. spot Bitcoin ETFs, is contributing to the positive momentum. Technical analysis points to a short-term bullish trend, although the $100,000 mark is expected to present significant resistance. Overall, the market is watching closely to see if Bitcoin can overcome this key level and potentially aim for new all-time highs, with some analysts drawing parallels to gold's recent bullish price action.