Bitcoin is once again approaching the $100,000 mark, with a market price of $99,174 and a 2.25% gain. Despite a recovery last night, institutional support for Bitcoin remains weak, raising the possibility of a drop to the $90,000 level. However, the overall trend for BTC remains positive, with the potential for it to challenge the $108,000 resistance zone. Institutional investments in Bitcoin have seen mixed activity, with significant outflows from Fidelity but continued purchasing by the Grayscale GBTC ETF fund. The trend strength index suggests that Bitcoin may continue its uptrend and potentially reach $112,000 or even $122,000. Key support levels for Bitcoin are at $95,000 and $93,500.



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