$BTC Is currently trading at $99,691 USD, reflecting a 2.9% increase today.
Bitcoin is on the brink of a historic milestone, nearing the coveted $100K mark. Analysts suggest that if BTC maintains support above $97K, a breakout could propel it toward $110K–$156K. The recent surge is attributed to a combination of institutional inflows, macroeconomic factors, and technical indicators signaling strong upward momentum.
Notably, institutional investors are showing renewed interest, with U.S. Bitcoin ETFs experiencing significant inflows. BlackRock's IBIT ETF alone saw a net inflow of $1.42 billion on May 7, bringing its total assets under management to $58 billion. This influx of capital underscores the growing confidence in Bitcoin's long-term potential.
As Bitcoin approaches this psychological barrier, market participants are closely monitoring for potential volatility. A successful breach of $100K could trigger a wave of FOMO (Fear of Missing Out), attracting both retail and institutional investors, and potentially setting the stage for further gains.
