Bitcoin price returns above $99,000. From the trend, Bitcoin is struggling to validate the increase after breaking through the key liquidity area of $99,694.98, which has a leverage exceeding $28.78 million after breaking the area of $99,373 and $99,534. Meanwhile, the liquidity area slightly above $100,000, namely $100,016 and $100,177, has seen over $55 million in long positions being collectively utilized. Although the price has slightly retreated after previous encounters, it still maintains a solid upward trend.

Nigel Green, CEO of deVere Group, the world's largest independent financial advisory firm, predicts that the United States will purchase between 300,000 and 400,000 Bitcoins by 2025 to establish a Bitcoin strategic reserve, which could push Bitcoin's value to unprecedented levels.

Technical aspects: The daily chart shows that due to decreasing trading volume, the price is experiencing a certain degree of compression, the Bollinger Bands have contracted, but the DMI levels show a bullish crossover, and the ADX indicates bullish divergence. Generally, an RSI above 50 indicates that the market is in an upward trend; currently, Bitcoin market sentiment is bullish, potentially driving the price further up.

1.6 Day

Bitcoin: 98,700-99,100 long, target 100,200-101,400, stop loss 98,100

Ethereum: 3610-3640 long, target 3690-3750, stop loss 3570