The analysis of the last week highlights a good performance of Bitcoin, which appreciated 8.56%, surpassing the mark of $100,000 and closing at $104,138. This optimism is driven by significant institutional purchases, especially via ETFs (with net inflows of $865.4 million in the week and BlackRock ETFs buying 3x more BTC than mined), and by the expectation of a US-China trade agreement. Corporate holdings in Bitcoin also reached a record. The analysis suggests that if the scenario persists, Bitcoin may test its all-time high (ATH) between $105,000 and $110,000. The low volatility accompanying the rise suggests institutional accumulation.
Attention: This small increase may just be market optimism. Prepare for significant corrections before the FED cuts interest rates and we have a real scenario of "altseason."