Bitcoin ($BTC ) is trading at approximately $96,659, reflecting a 24-hour increase of about 1.1%.

This upward movement is attributed to several factors:

(Blockchain News)

Institutional Investments: BlackRock's IBIT fund has surpassed $43 billion in assets, indicating significant institutional interest in Bitcoin.

(Coinspeaker)

Technical Indicators: Analysts note that Bitcoin has broken out from a descending channel and pennant pattern, signaling bullish momentum.

(Investopedia)

ETF Developments: Recent ETF filings and approvals have bolstered investor confidence, suggesting potential for further price appreciation.

Looking ahead, analysts are optimistic, with some forecasting that Bitcoin could reach $105,000 in the coming weeks, driven by continued institutional inflows and favorable market conditions.

(FX Leaders)

However, investors should remain cautious of potential volatility, especially with significant options expirations on the horizon.

(Blockchain News)