Bitcoin touches $97,500:
🪙- Bitcoin surged to a new record high this week, surpassing the $97,000 barrier to peak at $97,546, amid a buying wave driven by strong institutional inflows and increasing expectations of interest rate cuts in the United States.✒️🪙#BTCRebound
🪙- This rise came after days of tight trading between $93,000 and $96,000, with the total market capitalization of cryptocurrencies reaching $1.90 trillion, while daily trading volume exceeded $29.8 billion, according to crypto.news data.#Trump100Days
🪙- The current rise reflects gains approaching 30% since mid-April, when Bitcoin broke a long consolidation phase around the $74,400 level, thus confirming a technical shift towards an upward path. This trend is supported by positive technical indicators, notably the double bottom pattern, a breakout of the bullish flag pattern, as well as avoiding the formation of a negative 'death cross' pattern.#BinanceAlphaAlert
🪙- Analysts indicate that technical support is currently stable in the range of $88,000–$90,000, while any decline towards $92,000 may present a buying opportunity, provided there is sufficient trading volume. Conversely, breaking the $88,000 level could signal a wider corrective wave.#AltcoinETFsPostponed
🪙- On the institutional side, Bitcoin spot funds (Spot ETFs) saw record inflows of $2.9 billion during April, at a time when major companies like Tether, SoftBank, and Trump Media announced strengthening their reserves of the digital currency, reflecting a shift in institutional attitudes towards digital assets as a strategic investment tool.#ArizonaBTCReserve