🚀 Bitcoin ($BTC) Eyes New Highs Amid Institutional Surge
Bitcoin is currently trading around $94,411, showing resilience after a brief dip to $93.5K. Analysts view this as a minor correction, with data supporting potential new highs in 2025.
Institutional interest remains strong, highlighted by a recent $425.5 million net inflow into Bitcoin ETFs, led by BlackRock’s IBIT. This influx suggests growing confidence in Bitcoin’s long-term value.
On-chain metrics reveal that 68% of BTC addresses are in profit, indicating reduced selling pressure. Technical indicators, including a bullish MACD crossover and an RSI of 72, point to sustained upward momentum.
Looking ahead, traders are eyeing a potential rally toward $150K, with some options markets speculating on a surge to $300K by June.
As Bitcoin continues its ascent, investors are advised to stay informed and monitor market developments closely.
