Bitcoin briefly surpassed the $100,000 mark, signaling a bullish momentum in the market. This rally follows the predicted bullish setup in recent analysis. Institutional support is also back, with significant inflows into US spot Bitcoin ETFs. Speculation in the derivatives market is increasing, with a rise in open interest. However, the funding rate has dipped slightly, indicating a minor pullback in sentiment. Traders are now eyeing the next move above $102,000, with a key price target of $106,888. The crucial support level is the 20 EMA line at $97,129.



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