Bitcoin Update: BTC Holds Strong Above $100K
Bitcoin (BTC) continues to dominate headlines as it trades above the $100,000 mark, a key psychological and technical milestone. This surge reflects strong bullish sentiment fueled by institutional inflows, favorable macroeconomic conditions, and increasing global adoption. Spot Bitcoin ETFs in the U.S. have seen over $5 billion in inflows recently, signaling deep investor confidence. Technical indicators suggest BTC has support around $97,000, with potential resistance near $104,000. Traders and investors are watching closely, as a sustained move above $100K could open the path to new all-time highs. With rising geopolitical uncertainties and inflation concerns, Bitcoin is once again being seen as a digital store of value and hedge, reinforcing its leading role in the crypto ecosystem.
