#TradeStories BTCBackto100K

🔥 Bitcoin surpasses 101K: Comprehensive analysis and strong predictions! 🚀

After BTC surpassed the 101,000$ barrier today, discussions about the continuation of the upward momentum towards higher levels are intensifying! 📈 According to the latest data from Binance and financial tracking sites, here are the key factors driving this historic rise:

# **1. Institutional demand leads the market 🏦

- **Major ETF funds like **BlackRock and Fidelity** are buying large quantities of **BTC, increasing pressure on the limited supply.

- U.S. states like **Wisconsin and Florida** have added **Bitcoin to their reserves, boosting institutional confidence. # **2. Geopolitical and economic factors 🌍**

- Amid global inflation and political tensions, investors are turning to $BTC as a hedge against volatility in traditional markets.

#**3. Supply scarcity ⚡

- With only **19.86 million BTC** in circulation out of **21 million**, and increasing demand, experts expect the price to reach **500K–1M$** by 2030.

#**4. Technical analysis indicates continued rise 📊**

- BTC has strongly broken the **100K$** resistance, with the next resistance at **105K$**, and if breached, the market may witness a new upward wave.

**Summary:

🚀 **Bitcoin achieves record numbers thanks to:

✅ Rising institutional demand.

✅ Global economic factors.

✅ Supply scarcity with the upcoming Halving.

📌 **Advice: Monitor the market closely, as you may be facing a rare investment opportunity!

(Sources: Yahoo Finance, CoinGecko, Finance Magnate