#BTCvsMarkets Bitcoin's current situation is looking bullish, with its price extending gains above $94,000. The cryptocurrency has seen a significant surge, driven by increased institutional demand and easing trade war fears between the US and China. Here are some key statistics  :
• Current Price: $93,664.14
• Market Capitalization: $1.76 trillion
• 24-Hour Price Range: $91,660.01 - $94,444.00
• Open Price: $93,594.34
• Percent Change: 0.07%
Recent Developments:
• Institutional Investment: US spot Bitcoin ETFs recorded an inflow of $936.43 million on Tuesday, the highest since January 17, indicating growing institutional demand.
• Market Predictions: Analysts predict Bitcoin could reach new highs, with some forecasting a price target of $95,000 to $100,000 in the coming months.
• Technical Indicators: The Relative Strength Index (RSI) has broken out of a downtrend on the weekly time frame, signaling a potential bullish trend  .
Expert Insights:
• According to analyst Kevin Svenson, Bitcoin's weekly RSI breakout is "one of the most bullish signals" seen in the cryptocurrency's history, potentially leading to a multi-month uptrend.
• Svenson predicts Bitcoin could trade in a range between $91,000 and $96,000 before moving higher.
