#BTCBreaks99K

Bitcoin has indeed broken above the $99,000 mark, driven by increased demand, positive market sentiment, and global institutional adoption. Here are some key points to consider ¹ ²:

- *Current Price*: Bitcoin's current price is $99,524.03, with a 2.63% increase in the last 24 hours.

- *Market Sentiment*: The market sentiment is positive, with many investors expecting Bitcoin to reach new highs.

- *Resistance Levels*: Key resistance levels to watch are $100,000 and $105,000, while support levels are $90,000 and $85,000.

- *Institutional Projections*: Several major financial institutions have made bullish projections for Bitcoin's future, including:

- *Standard Chartered*: $120,000 by the second quarter of this year and $200,000 by the end of 2025.

- *VanEck*: $180,000 in 2025 under a dual-cycle scenario.

- *ARK Invest*: $1.2 million by 2030, with an optimistic scenario of $2.4 million.

The recent surge in Bitcoin's price can be attributed to various factors, including ¹:

- *Global Trade Deals*: Diplomatic developments on the global stage, such as the potential US-UK trade deal, have contributed to the rally.

- *Federal Reserve Decision*: The Federal Reserve's decision to maintain interest rates has also influenced Bitcoin's trajectory.

- *Investor Confidence*: On-chain data shows a consistent increase in investor activity, suggesting future price movement.