# BTCHits97K

#BTC Hits 97K BTC pumps to 97K, is it the end or just a warm-up before hitting new highs?
Bitcoin's short-term strong breakout above 97K has not only sparked heated discussions in the market but also made many sideliner uneasy again. However, rational analysis shows that this rise is far from coincidental.
The underlying factors include: a second wave of ETF funding, a sharp reduction in Miner sell pressure, a surge in stablecoin net inflows, and a downward shift in expectations for US market interest rate peaks, bringing funds back to risk markets.
**Trading strategy:** In the short term, fo

#BTC Hits 97K 🎯🌥️Bitcoin's next resistance level after reaching $97,000 is likely around $98,200, as breaking above this point could ignite a run to $100,000 before the third quarter. However, some analysts predict that Bitcoin could surge to $500,000 to $1 million in the next few years, driven by growing institutional adoption and supply scarcity.
*Key Resistance Levels:*
- *$98,200*: A crucial level that could trigger a price surge to $100,000
- *$100,000*: A significant psychological barrier and potential target for Bitcoin's price
*Factors Influencing Bitcoin's Price:*
- *Institutional

#BTC Hits 97K Bitcoin's recent surge past $97,000 is driven by several factors:
- *US-China Trade Deal Hopes*: Optimism surrounding potential US-China trade talks has boosted risk appetite, driving investors to assets like Bitcoin. The US Treasury Secretary's plans to meet with China's Ministry of Commerce have sparked hopes of a trade deal, contributing to the surge.
- *Institutional Investment*: Growing interest from institutional investors, such as pension funds and family offices, has brought new capital and legitimacy to the market. BlackRock's digital asset chief, Robbie Mitchnick, note

#BTC Hits 97K
#BTC Hits 97K #Bitwise NEAR ETF Filing #OBOL Listing Rewards

#BTC Hits 97K
#BTC Hits 97K #Bitwise NEAR ETF Filing #OBOL Listing Rewards

#BTC Hits 97K
#BTC Hits 97K #Bitwise NEAR ETF Filing #OBOL Listing Rewards