Bitcoin is trading around $96,643, marking a 2.33% increase from the previous day and a 65% rise over the past year. The price briefly touched $97,000, its highest in over two months, signaling strong bullish momentum. Analysts anticipate a potential climb to $105,000 in the coming weeks, driven by renewed institutional interest and ETF filings. Key resistance levels are at $100,000 and $107,000, while support is noted near $92,000. The recent surge is attributed to factors like corporate accumulation strategies and Bitcoin's perceived role as a hedge against market volatility. Overall, the outlook remains optimistic as Bitcoin approaches the significant $100,000 threshold.
