$BTC Bitcoin (BTC) is currently trading around $96,700, showing some volatility. After a recent climb, the price has slightly cooled but remains near the $95,000 support level. Analysts suggest that holding this level is crucial for maintaining bullish momentum. Bitcoin's market dominance has reached a 4-year high, accounting for about 66% of the total crypto market capitalization.

Several factors are influencing BTC's price, including anticipation of the Federal Reserve's upcoming interest rate decision and increasing inflows into Bitcoin ETFs, particularly BlackRock's IBIT. On-chain data indicates that the $93,000-$95,000 range is a significant support zone.

Looking ahead, some analysts remain optimistic, with predictions ranging from $100,000 to as high as $1 million in this market cycle, citing growing institutional interest and the impact of Bitcoin ETFs. However, others caution about potential profit-taking by long-term holders near the $100,000 mark. Technical analysis suggests a potential retest of higher resistance levels if the current support holds.