#BTCBackto100K Bitcoin has indeed broken back above the $100,000 mark, reaching $101,209.89 with a 5.04% increase. This surge reflects renewed bullish sentiment among investors, driven by factors such as¹ ²:
- *Increased Institutional Participation*: Growing interest from large financial institutions, with major banks and brokerage platforms offering more ways to buy and sell Bitcoin.
- *Corporate Accumulation*: Large companies continuing to invest in Bitcoin, viewing it as a valuable long-term asset.
- *Macroeconomic Uncertainty*: Global economic conditions, such as trade policy concerns and inflation, leading investors to seek alternatives like Bitcoin.
Some key price levels to watch include³:
- *Resistance Levels*:
- *$100,000*: A critical psychological and technical milestone.
- *$107,000*: A potential target if Bitcoin holds above $100,000.
- *Support Levels*:
- *$92,000*: A level where buyers previously entered the market.
- *$85,000*: Another potential support level.
Analysts predict Bitcoin's price could continue to rise, with potential targets including:
- *Short-Term*: $121,000 within the next week, representing a 25% gain.
- *Medium-Term*: $120,000 to $250,000 by the end of 2025.
- *Long-Term*: $1 million by 2030, driven by increasing adoption and limited supply.