#BTCBreaks99K đ #BTCbreaks99k: Bitcoin Nears Historic $100K Milestone!
Bitcoin surged past $99,000 today, fueled by the Federal Reserveâs decision to hold interest rates steady and renewed optimism around global trade negotiations. Hereâs whatâs driving the rally:
1ď¸âŁ Fedâs Rate Pause: The Fedâs hesitation to cut rates, despite political pressure, signals confidence in economic resilienceâboosting risk assets like Bitcoin. Analysts note that low rates and ETF inflows ($5B+ since April) are key catalysts.
2ď¸âŁ Technical Breakout: BTC/USD smashed through resistance at $97,200, with bullish indicators (MACD, RSI >50) hinting at a run toward $100K. Watch support at $97,700 and $96,400.
3ď¸âŁ Trade Deal Hype: US-China talks and Trumpâs pending UK trade announcement added fuel, with Bitcoin reclaiming its role as a hedge against macro uncertainty.
4ď¸âŁ Institutional FOMO: Spot ETF inflows and whispers of a âgamma squeezeâ at $100K suggest institutions are piling in. Could this trigger a GME-style frenzy?
5ď¸âŁ Eyes on $100K: A close above $99,500 could propel BTC toward its all-time high of $109K, but failure to hold gains risks a pullback to $70K.
Ethereum Joins the Party: ETH surged 9.4% to $1,968, riding Bitcoinâs coattails.
Will $100K break or spark profit-taking?Letâs hear your predictions! đ
#Bitcoin #FedDecision #CryptoRally đ