$BTC Bitcoin surged past $104K, fueled by US-China trade deal optimism and significant institutional ETF inflows.The current price hovers around $104,XXX USD, showing minor daily changes but strong weekly (~8%) and monthly (~25%) gains.Institutional adoption, highlighted by Binance CEO Richard Teng, is a major driver, with US spot Bitcoin ETFs reaching a record $62.9B in assets.

Hopes for a US-China trade deal are also boosting confidence, with reduced tariffs potentially increasing institutional interest.Technical analysis indicates a bullish trend, with TradingView noting an ascending channel targeting $106K , and Investtech showing rising trend channels.Resistance levels around $105K-$106K and the all-time high near $109K are key areas to watch.

Market sentiment is predominantly bullish , with analysts like Arthur Hayes predicting $150K by year-end.However, some caution exists, with potential for short-term pullbacks.Near-term targets range from $110K to $150K , but some forecasts are more conservative , and a future correction remains possible.Key statistics include a market cap of ~$2.05T, a circulating supply of ~19.86M BTC, and an all-time high of ~$109,356 USD.#Bitcoin #Crypto #BinanceSquare