#BTCBackto100K The price of Bitcoin is currently trading at $100,895.03, after surpassing the $99,000 barrier. This increase is attributed to rising demand for Bitcoin as an investment, especially with significant cash inflows into Bitcoin investment funds.

*Factors affecting the price of Bitcoin:*

- *Institutional demand*: Increased demand from financial institutions and large companies.

- *Cash inflows to investment funds*: Bitcoin investment funds, such as iShares Bitcoin Trust ETF, have seen significant cash inflows recently.

- *Technical analysis*: Chart analysis suggests that Bitcoin may experience further gains, with resistance at higher levels.

*Bitcoin price predictions:*

- *Reaching $100,000*: Some analysts believe that the price of Bitcoin could reach $100,000 in the near future.

- *Financial stability*: Bitcoin is considered an attractive investment due to its limited supply and increasing demand.