BTC Trading Volume Jumps 18% as Price Targets $100,000 Amid Renewed Bullish Momentum

Bitcoin (BTC/USDT) has demonstrated stability over the past 24 hours, with its price hovering around $94,632.85 and showing a marginal 0% increase. Trading volume surged by 18% to approximately 250,000 BTC, reflecting heightened market activity and bullish sentiment as traders anticipate a potential move toward the $100,000 mark.

The recent price action is attributed to technical factors, including a breakout from a falling wedge pattern that triggered renewed buying interest. Key support is established at $92,910, while resistance is observed near $98,800. The futures market shows a higher proportion of short positions, though the funding rate remains slightly positive, indicating a modest bullish bias. No major fundamental news has directly impacted price in the last 24 hours, but increased trading volume and optimism in broader risk markets, such as tech equities, have contributed to the current market sentiment. Additionally, the passage of a new law in New Hampshire allowing up to 5% of public funds to be invested in Bitcoin may further support positive sentiment, though its immediate impact on price has not been pronounced.