$BTC is trading at approximately $94,344, experiencing a slight decline of 0.35% for the day.

Bitcoin faces immediate resistance between $95,800 and $97,400. A breakout above this range could pave the way toward the psychological milestone of $100,000.

Key support zones are identified at $92,000 and $88,800. A drop below these levels might indicate a deeper correction.

While the broader trend remains bullish, short-term indicators suggest a potential slowdown.

Institutional interest continues to bolster Bitcoin's market position. Notably, Bitcoin ETFs saw significant inflows totaling $425.5 million recently, indicating sustained confidence from large-scale investors.

The upcoming Federal Reserve meeting is a focal point for traders. While a rate cut could invigorate risk assets like Bitcoin, current expectations suggest the Fed will maintain existing interest rates.

Looking ahead, some analysts project ambitious targets for Bitcoin. For instance, 21st Capital's co-founder anticipates a potential rise to $350,000 by the end of 2025, based on historical patterns.

In conclusion, Bitcoin is currently in a consolidation phase, with critical resistance and support levels in play. Institutional inflows and macroeconomic developments will likely influence its next significant move.