Over the past few hours, Bitcoin (BTC) has shown some volatility but is generally maintaining an upward trend. Its current price is around $96,852, marking a 2.45% increase over the past 24 hours. This increase is attributed to strong demand from institutional investors and the general renewed interest in cryptocurrencies after recent events in the financial markets.
However, some analysts are noting signs of a possible correction if BTC fails to hold its support at $99,453, which could lead to a drop towards $94,545. Conversely, if Bitcoin breaks above $104,717, a bullish rally could take it towards $109,000.
The situation remains uncertain in the short term, but the long-term outlook for Bitcoin remains generally optimistic due to its growing institutional adoption. For traders, it is advisable to closely monitor current support and resistance levels.
