$BTC

Bitcoin has indeed broken the $99,000 mark, with its current price hovering around $98,005. This surge is attributed to a combination of factors, including the Federal Reserve's decision to hold interest rates steady and President Trump's hint at a "major trade deal" with a "highly respected country". The market sentiment is bullish, with traders eyeing the psychological $100,000 level next.

*Key Statistics:*

- *Current Price*: $98,005

- *24h Change*: +0.56%

- *24h Range*: $95,959 – $97,977

- *Resistance Zone*: $98,500 – $100,000

- *Support Zone*: $95,000 (critical level)

*Market Analysis:*

- *Bullish Momentum*: Bitcoin's price action is overwhelmingly bullish, with analysts predicting a potential breakout above $100,000.

- *Institutional Adoption*: Growing mainstream acceptance of Bitcoin is evident in massive inflows into US spot Bitcoin ETFs, such as BlackRock's Bitcoin ETF, which amassed $40 billion in assets.

- *State-Level Initiatives*: New Hampshire became the first US state to allow its government to invest in cryptocurrencies, including Bitcoin, paving the way for potential strategic Bitcoin reserves ¹.

*Future Outlook:*

- *$100,000 Milestone*: Analysts predict Bitcoin could reach $100,000 soon, with potential targets above $105,000 or even $110,000.

- *Support Levels*: Key support levels to watch include $95,280 and $93,700. A sustained drop below these could signal a short-term correction.

- *Resistance Levels*: Resistance levels to watch include $100,000 and $105,000 as potential breakout levels ¹.