**Bitcoin Surges to $94,000 Amid Market Optimism**

Bitcoin hit $94,000 on April 29, 2025, driven by strong institutional inflows and growing investor confidence. The cryptocurrency rose 11% this week, its best performance since November 2024, fueled by $2.7 billion in U.S. spot Bitcoin ETF inflows. Analysts note Bitcoin’s decoupling from volatile stocks, with whales accumulating over 10,000 BTC, per Glassnode data. Despite a bearish triangle pattern signaling resistance, experts predict a potential rally to $100,000 if momentum persists. However, some warn of a possible pullback, with support at $90,800. Macroeconomic factors, including a weakening U.S. dollar, continue to bolster Bitcoin’s appeal as a hedge against uncertainty.

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