📈 $BTC Approaching the $100,000 Barrier Amid Strong Institutional Momentum
The price of Bitcoin ($BTC) continues to rise, surpassing the $97,000 mark for the first time since late February, supported by increasing institutional investment flows and expansion plans from major companies.
Key Developments:
MicroStrategy (MSTR) announced a plan to raise $21 billion to purchase more Bitcoin, reflecting growing confidence in digital assets.
Bitcoin exchange-traded funds recorded positive flows for the eighth consecutive day, totaling $173 million, indicating increased interest from institutional investors.
The current price of Bitcoin is trading at $97,331, with a market cap of $1.94 trillion.
Technical Analysis:
RSI indicates entry into the overbought territory, which may signal a potential price correction in the short term.
MACD remains positive, supporting the continuation of the upward trend in the near term.
Market Outlook:
With the current momentum continuing, investors are anticipating a breakthrough of the $100,000 level, which could pave the way for new all-time highs.
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Do you think Bitcoin will continue its rise and surpass the $100K barrier? Share your opinion in the comments!
