Bitcoin is trading around $BTC 94,000–$BTC 95,000, consolidating after a 10% rally earlier this week. It recently hit a high of $BTC 97,483, the highest since February 21, approaching the $100,000 mark. Analysts note strong institutional demand, with US spot ETFs recording $2.68 billion in inflows, including $1.5 billion for BlackRock’s IBIT ETF. However, a 35% drop in daily trading volume to $37.56 billion suggests cautious momentum The Coinbase Premium Gap remains positive, indicating US institutional buying at above-market prices, historically tied to price surges. On-chain data shows $4 billion in BTC moved off exchanges, suggesting long-term holding. Analysts like Willy Woo predict a breakout past $100,000, with targets at $103,000–$108,000 short-term and $120,000 by Q2 2025. Standard Chartered forecasts $200,000 by year-end, while Cathie Wood’s Ark Invest projects $2.4 million by 2030.
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