$BTC
Bitcoin continues to crawl towards the top
BTC price hovers around 97,000 and is approaching the major psychological barrier of 100,000. Technical indicators suggest strong upward momentum supported by massive institutional liquidity, especially after major companies announced their intention to bolster their Bitcoin reserves.
At the same time, analysts expect to see a new rise that could push the price to levels of 120,000 in the coming months, supported by increased adoption of Bitcoin as a global reserve asset and a wave of supportive regulations in the United States and Europe.
However, caution is advised as volatility is still present; the market moves quickly, and every correction could be an opportunity or a trap for new investors.
