Bitcoin continues to attract attention, as it is trading today at a level of $102,877, recording a slight decrease of 0.46% over the past 24 hours.

Despite this decline, the market is witnessing notable institutional movements; GD Culture has announced a $300 million allocation for its digital currency reserves, which enhances confidence in the market and drives expectations toward a breakthrough level of $105,700 soon.

On the geopolitical front, the historic trade agreement between the United States and Saudi Arabia worth $600 billion has sparked a wave of optimism in digital asset markets, contributing to the positive momentum for Bitcoin.

On another front, Ukraine is considering adding Bitcoin to its national reserves, a move that could make it the first European country to adopt Bitcoin as a reserve asset, reflecting the global trend towards officially embracing digital currencies.

In light of these developments, analysts believe that Bitcoin could witness a significant rise in this cycle, with expectations of reaching levels between $500,000 and $1,000,000, driven by increasing institutional demand.