#BitcoinReserveDeadline BTC Price to Surge Amid Crypto Reserve Anticipations

As of press time, the Bitcoin price is valued at $94,104, down by 1.38%. Despite a 1.22% dip over the past week, the crypto saw a 12.8% surge over the past month. Amid anticipations of the US Treasury Secretary’s Bitcoin reserve report, the market exhibits a positive sentiment, evidenced by the 40% surge in 24-hour trading volume.

As experts anticipate, Bitcoin is poised to surge past the significant $100k and reach a new all-time high of $120K and above following the US’ establishment of a BTC reserve. Expert Merlijn The Trader projected BTC price’s major rally to $120,000, citing historical trends and current positive sentiment. At the same time, analyst BitBull predicted Bitcoin’s target of $130,000 as it currently retests the breakout zone.

The Bitcoin price is currently on a downtrend and is at risk of losing the $94,000 support. Crypto analyst Titan of Crypto stated that the next key support is the daily Fair Value Gap at around $90,000. The analyst added that a bounce from that zone is likely.