$BTC
Bitcoin is currently trading at approximately $96,000, having surged over 30% from its April lows. This rally is fueled by increasing institutional interest, including Morgan Stanley's potential introduction of spot cryptocurrency trading on its E*Trade platform and Strategy's plan to acquire more BTC via a $21 billion equity offering .
Technical analysis indicates a breakout from a descending channel and pennant pattern, signaling bullish momentum. Key resistance levels to monitor are $100,000 and $107,000, while support levels lie at $92,000 and $85,000 .
Renowned trader Peter Brandt projects that Bitcoin could reach $150,000 by late summer 2025, based on a parabolic trendline that has historically marked BTC's price peaks since 2021 .
As Bitcoin approaches the $100,000 milestone, the question arises: Could Apple's ecosystem become a major gateway for mainstream crypto adoption?
Stay tuned. The future is being built in the background.