$BTC

Are we close to breaking the $100,000 barrier?

Bitcoin (BTC) is currently trading at $97,000, recording an increase of 3.2% over the past 24 hours.

Key updates:

Massive institutional investments: BlackRock invested $2.5 billion in Bitcoin, reflecting major institutions' confidence in the market.

Government support: The state of New Hampshire in the USA has passed a law allowing investment in Bitcoin, which enhances the legitimacy of the currency.

Future forecasts: Some analysts expect Bitcoin to reach $110,500 in the coming weeks, while other forecasts suggest it could reach $250,000 by the end of the year.

Technical analysis:

Support levels: $94,000 and $92,500.

Resistance levels: $98,500 and $100,000.

Technical indicators: Indicate strong upward momentum, with the possibility of a continued positive trend.

The most important question:

Will Bitcoin continue its rise and break the $100,000 barrier? Or will we see a price correction?

Share your predictions in the comments!