$BTC Bitcoin has shown strong bullish momentum, with its price trading around the $95,000 to $97,000 range. This marks a significant rebound after a volatile start to the year and a period of consolidation in the first quarter. BTC is currently nearing the psychological $100,000 level and is within striking distance of its previous all-time high of approximately $109,000 set in January 2025.

Several key factors are contributing to this positive sentiment:

* Surging ETF Inflows: U.S. spot Bitcoin Exchange-Traded Funds (ETFs) are experiencing renewed and significant inflows, indicating increasing institutional interest and investment in Bitcoin.

* Decreasing Exchange Supply: The amount of Bitcoin held on centralized exchanges continues to decline, suggesting that more investors are moving their BTC to cold storage for long-term holding, reducing selling pressure.

* Growing Institutional Adoption: Beyond ETFs, broader institutional adoption and increased exposure to Bitcoin by major financial firms are seen as strong bullish signals.

* U.S. Strategic Bitcoin Reserve: The establishment of a U.S. strategic Bitcoin reserve in March 2025, holding a substantial amount of BTC, has been interpreted by some as a sign of increasing governmental recognition and potential future support.

* Post-Halving Dynamics: The effects of the 2024 Bitcoin halving, which reduced the rate of new Bitcoin entering circulation, continue to contribute to a supply squeeze.

* Technical Indicators: Technical analysis shows bullish signals, with BTC holding above key support levels and indicators suggesting potential for further upward movement.

Analysts and market observers have largely bullish price predictions for Bitcoin in 2025, with some forecasting targets ranging from $120,000 to $200,000 by the end of the year. Shorter-term predictions anticipate BTC potentially testing the $98,000 to $100,000 resistance zone in mid-May.

Key levels to watch include resistance at $97,500 , $90,000,