$BTC

Bitcoin's price has been consolidating below the $100,000 level for the past few months, and it's yet to show any willingness for an impulsive move. Currently, Bitcoin is trading at $96,209, with a daily high of $96,663 and a daily low of $93,435 ¹.

There are mixed predictions about Bitcoin's future price movement. Some analysts believe that Bitcoin is primed for a breakout, potentially pushing it towards $100,000 or even $150,000 ². However, others are more cautious, suggesting that Bitcoin may face persistent resistance at the $100,000 level.

*Key Factors Influencing Bitcoin's Price:*

- _Global Economic Turmoil_: Bitcoin is seen as a safe-haven asset, and its price may benefit from global economic uncertainty ².

- _Fed's Liquidity Infusion_: The US Treasury General Account's infusion of liquidity may have a positive impact on Bitcoin's price ².

- _Whale Accumulation_: Bitcoin whales have been accumulating coins, which could potentially drive up the price ².