$BTC is near to hot 100k
Bitcoin is indeed nearing the $100,000 mark, currently trading at $98,000. According to recent analyses, Bitcoin's price is expected to continue its rally, potentially reaching the $100,000 milestone.¹
Several factors are contributing to this upward momentum, including the rising Bitcoin spot Exchange Traded Funds (ETF) inflows, which have accounted for over $2.8 billion until recently. Additionally, the launch of Bitcoin ETF options by BlackRock and Grayscale has also fueled the rally this week.
While it's difficult to predict with certainty, the technical indicators suggest a bullish trend for Bitcoin, with the Relative Strength Index (RSI) reading 67, indicating a strong upward momentum. However, it's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
In summary, while there are no guarantees, the current trend and market sentiment suggest that Bitcoin might indeed reach the $100,000 mark soon.
