#BTCBreaks99K

Bitcoin recently broke the $99,000 barrier, reaching an all-time high. This surge is attributed to several factors ¹ ² ³:

- *Institutional Investment*: Growing interest from institutional investors, with companies like Kulr Technology accumulating Bitcoin as a store of value and inflation hedge.

- *ETF Demand*: Increased demand for Bitcoin ETFs, with $1 billion in inflows on November 21, extending a four-day inflow streak. BlackRock's IBIT led the inflows with $608.41 million.

- *Regulatory Environment*: Positive sentiment surrounding potential regulatory changes, including the possibility of a strategic Bitcoin reserve in the US.

- *Market Sentiment*: Extreme greed levels, with the Crypto Fear & Greed Index at 94, indicating a strong bullish sentiment.

*Key Price Levels to Watch*

- *Resistance*: $102,000, with potential to reach $105,000-$110,000 if broken.

- *Support*: $95,000, with potential for further correction if broken ⁴ ⁵.

*Analyst Predictions*

- Some analysts predict Bitcoin will reach $100,000 within the week, driven by increased investor attention and market momentum.

- Others warn of potential volatility due to high leverage in the market, which could lead to a mass liquidation event .