#BTCBreaks99K O Bitcoin (BTC) recently surpassed the mark of US$ 99.000, with its current price hovering around US$ 102.516,04. This increase of 3.82% compared to the previous price is a sign of recovery after a drop of more than 10% from the peak in January.
*Factors Contributing to the Increase in BTC Price:*
- *Institutional Investment*: The influx of investments in Bitcoin ETFs, such as Fidelity's FBTC and BlackRock's IBIT, has been significant, with over US$ 978 million in recent investments.
- *Growing Adoption*: The number of active Bitcoin addresses has surpassed 1 million, indicating greater adoption and activity on the network.
- *Technical Analysis*: The breakout of resistance at US$ 99.000 could lead to a wave of FOMO (Fear of Missing Out) among retail and institutional investors.
*BTC Price Forecast:*
- *Short Term*: Immediate resistance is between US$ 99.700 and US$ 100.000. If the price remains above this level, it could reach US$ 103.500 or US$ 109.000.
- *Long Term*: The trend is bullish, with potential for new all-time highs.
