Expected Price Rise: Bitcoin is close to surpassing the $100,000 barrier, supported by strong institutional demand, especially through exchange-traded funds (ETFs). Analysts expect the price to reach levels of up to $131,000 by the end of the current cycle, supported by institutional adoption and increased demand due to inflation and the devaluation of fiat currencies.
Stable performance despite volatility: Despite some recent volatility, Bitcoin remains strong. Reports indicate that the price is stable near $96,795 with strong support at $99,588. This stability reinforces expectations of a rise above $100,000 if the resistance is broken and converted into support.
Role of financial institutions: Firms such as MicroStrategy and Riot Platforms have been buying large amounts of bitcoin in recent weeks. Institutional entry into the market through ETFs also reflects growing interest in the digital currency as a major investment asset.
