$BTC Bitcoin (BTC) is currently exhibiting bullish trends, with its price rising to $86,869.55, representing a 3.10% increase. Several factors contribute to this upswing ¹:

- *Institutional Accumulation*: Public companies have boosted their Bitcoin holdings by 16.1% in Q1 2025, totaling around 688,000 BTC. The number of firms holding Bitcoin increased from 67 to 79, indicating strong institutional interest.

- *Whale Activity*: Bitcoin whales have added 53,600 BTC since March 22, now holding 67.77% of the total supply. This accumulation suggests confidence in the cryptocurrency's potential.

- *Technical Indicators*: Bitcoin's chart shows a falling wedge pattern, which historically signals a potential breakout. Analysts predict a possible surge to $90,000 and potentially $118,000 if resistance levels are breached.

- *Market Sentiment*: Analysts indicate that institutional investments may boost Bitcoin's market cycle post-2024 halving, leading to faster price movements due to enhanced liquidity.

Some analysts also predict ²:

- *Resistance Levels*: Key resistance levels to watch include $84,500 and $98,000. A decisive move above these levels could trigger further bullish momentum.

- *Price Projections*: Some predictions suggest Bitcoin could reach $105,000, citing strong bullish potential after forming a double bottom around the $74,000 support zone.