#BTCPrediction

The current price of Bitcoin is $96,312.14, with a 1.24% increase in the last 24 hours. Predictions suggest that Bitcoin could reach $100,000 soon, driven by growing institutional adoption and demand for Bitcoin ETFs listed in the U.S. Binance founder Changpeng Zhao predicts that the price of Bitcoin could peak between $500,000 and $1 million as more institutional investors enter the market.

*Key factors influencing the price of Bitcoin:*

- *Institutional adoption*: Growing demand from asset managers like BlackRock and Fidelity

- *Bitcoin ETFs listed in the U.S.*: Increased investment and legitimacy in the market

- *U.S. state governments accumulating Bitcoin*: Adding legitimacy to the public sector and potential boost to demand

- *Supply scarcity*: The fixed supply of 21 million Bitcoin coins contributes to possible price increases

*Short-term prediction:*

- Bitcoin holding $95,000 as support is key for bullish price expansion

- Resistance at levels of $97,895 and $100,000 to watch

- Possible rally to $107,000 if the $100,000 level is surpassed