Bitcoin (BTC) price shows renewed strength as it continues to push higher through key resistance levels, driven by increasing spot buying and institutional interest.
Price Dynamics of Bitcoin
Bitcoin is trading above $94,000, confirming an upward trend. Since early April, a series of higher lows and higher highs have been noted, with steadily increasing trading volumes. This growing demand for Bitcoin is supported by both retail and institutional participants.
Increase in Institutional Buying
Major players such as Strategy, led by Michael Saylor, have increased their Bitcoin exposure, acquiring 15,355 BTC for approximately $1.42 billion. Currently, the company holds a total of 553,555 BTC, with a total value exceeding $50 billion.
Macroeconomic Support for Bitcoin Prices
The macroeconomic environment also supports Bitcoin price growth. The expansion of the global M2 money supply and increasing institutional interest have bolstered cryptocurrency prices. Analysts predict that Bitcoin could reach $120,000 in the second quarter and potentially $200,000 by the end of 2025.
Bitcoin price shows a bullish trend despite short-term risks. Market observers are monitoring how the price will handle the resistance level at $95,500, which could lead to further upward movement.
