#MarketPullback Bitcoin (BTC) is currently experiencing a market pullback, trading around $94,832, down approximately 1.2% over the past 24 hours.

This decline follows a recent surge where Bitcoin reached over $97,000, approaching the psychological $100,000 mark. However, it has since retreated, with analysts identifying the $95,000 level as a critical support. If this support fails, the price could potentially drop to $92,000 or even $91,000.

Despite the short-term volatility, Bitcoin's year-to-date return stands at approximately 53.61%, indicating a mature bull trend supported by strong on-chain fundamentals. Institutional interest, such as MicroStrategy's recent acquisition of over 6,500 BTC, and the potential introduction of spot cryptocurrency trading by major financial institutions, continue to bolster market confidence.

Looking ahead, while short-term fluctuations are expected, the overall outlook for Bitcoin remains positive, with some analysts predicting a potential rise to $150,000 in 2025, contingent on favorable market conditions and regulatory developments.

If you're considering entering the market during this pullback, it's advisable to monitor key support levels and stay informed about macroeconomic factors that could influence price movements.