$BTC The $100K Threshold Is Within Reach

Bitcoin is currently trading around $96,631, marking a 65% increase from a year ago. This surge is fueled by bullish technical patterns and institutional interest. Notably, Morgan Stanley is reportedly considering introducing spot crypto trading to its E*Trade platform, signaling growing mainstream adoption .

Technical analysis indicates that Bitcoin has broken out from a descending channel, suggesting potential for further gains. Key resistance levels to watch are $100,000 and $107,000, while support levels lie at $92,000 and $85,000 .