Bitcoin (BTC) continues its impressive rally, trading around $94,318, marking an 11% increase this week. This surge is attributed to substantial inflows into U.S.-listed spot Bitcoin ETFs, which saw $2.68 billion in net inflows this week alone, the highest since December . The momentum is further fueled by growing institutional interest and favorable regulatory developments.
Analysts suggest that if Bitcoin breaks the $88,800 resistance level, it could pave the way toward the $100,000 mark, a significant psychological milestone for investors . Cathie Wood's Ark Invest has even projected a potential rise to $2.4 million per BTC by 2030, highlighting the long-term bullish sentiment in the market .
