#BTCBreaks99K Bitcoin has indeed broken the $99,000 mark, with its current price hovering around $102,396.83, reflecting a 5.81% increase in the last 24 hours. This surge is attributed to various factors, including ¹ ²:

- *Institutional Adoption*: Growing mainstream acceptance and massive inflows into US spot Bitcoin ETFs, with BlackRock's Bitcoin ETF amassing $40 billion in assets.

- *Macro-Driven Factors*: Expectations of Fed rate cuts and Trump's vocal push for lower interest rates have boosted risk assets.

- *Trade Optimism*: Recent reports indicate China and the US have initiated formal tariff negotiations, easing trade war fears and spurring a risk-on sentiment.

- *State-Level Initiatives*: New Hampshire became the first US state to allow its government to invest in cryptocurrencies, including Bitcoin.

Analysts predict Bitcoin could reach $100,000, with potential targets ranging from $105,000 to $150,000 or even $200,000. Key resistance levels to watch are $100,000 and $105,000, while support levels include $95,000 and $93,700 ² ³.

*Market Sentiment:*

The Crypto Fear & Greed Index has climbed to 65, indicating growing investor confidence. Bitcoin's dominance has risen above 65%, with $55 million in short liquidations triggered during its rapid ascent ².

*Expert Predictions:*

- Arthur Hayes, former BitMex CEO, expects Bitcoin to hit $150,000 by the end of the year, citing monetary authorities' resort to money printing amid market uncertainty.

- Zach Pandl, Grayscale Head of Research, believes Bitcoin's market structure is improving, supported by US government policy changes, which may broaden the Bitcoin investor base ³.