$BTC

Bitcoin's recent price surge to $99,800 before a slight pullback has sparked interest in whether it can reach the $100,000 mark. Given the current market trends, it seems achievable. Bitcoin recently hit $100,000 for the first time since February, driven by global economic developments, institutional investment, and market optimism ¹.

Several factors contribute to Bitcoin's current price momentum ²:

- *US-China Trade Talks*: Anticipation of de-escalating trade tensions between the US and China has boosted investor confidence.

- *Federal Reserve's Steady Rates*: The Federal Reserve's decision to maintain interest rates has reassured markets, providing a stable backdrop for risk assets like Bitcoin.

- *Institutional Investment*: Spot Bitcoin exchange-traded funds (ETFs) saw significant inflows, underscoring Bitcoin's growing appeal as a portfolio diversifier.

Despite potential short-term corrections, technical analysis suggests Bitcoin's bullish trend may continue. Analysts predict Bitcoin could reach $120,000 by the end of Q2, with some forecasts even more ambitious, targeting $200,000 or $250,000 this year.

*Key Price Levels to Watch:*

- *Current Price*: $99,405.04

- *Support Zone*: $90,000 - $92,000

- *Resistance Level*: $100,000

Mountain Lord's perspective on Bitcoin's future seems to align with the current market sentiment, emphasizing a bullish view despite potential short-term declines. Ethereum's recent price movements also indicate a catching-up trend, with a 7% gain in the past 24 hours, testing the $2,000 ma