#BTCBackto100K Bitcoin has surged past the $100,000 mark for the first time in three months, reaching an intraday high of $101,370. 

This rally is attributed to several factors:

• Institutional Investment: Significant inflows into spot Bitcoin ETFs, totaling $5.3 billion over the past three weeks, have bolstered the market. 

• Macroeconomic Shifts: Investors are turning to Bitcoin as a hedge against traditional assets amid economic uncertainties, including trade tensions and questions over Federal Reserve policies. 

• Technical Indicators: Bitcoin’s price movement has flipped key moving averages into support levels, indicating strong bullish momentum. 

Analysts are optimistic about Bitcoin’s trajectory, with some projecting prices could reach $120,000 in the near term. However, caution is advised due to potential volatility and market corrections. 

If you’re interested in exploring Bitcoin trading platforms available in the UAE or need further information, feel free to ask.