"Bitcoin Bulls Eye $100K: Key Drivers and Market Trends"

$BTC current price is $95,489, showing a 1.24% increase. Analysts predict a potential target of $100,000, with some forecasting a surge to $107,500. The cryptocurrency has formed a bullish structure, with support at $94,400 and resistance at $97,000 .

*Key Factors Influencing Bitcoin's Price:*

- _Institutional Adoption_: Strong inflows into spot Bitcoin ETFs, with over $21 billion in recent investments.

- _Regulatory Developments_: Pro-crypto legislation advancements and clearer regulations are boosting market sentiment.

- _Market Sentiment_: Analysts predict a potential rebound, citing capitulation and oversold condition.