Bitcoin (BTC) is on the verge of reaching $100,000, with a price surge of over 5% in the past 24 hours, setting a new all-time high of $98,988. Bitcoin whales are making significant purchases, buying 2,895 BTC worth $283 million from Binance. The bullish outlook for BTC is attributed to market sentiment, whale and institutional adoption, the resignation of SEC Chairman Gary Gensler, and other factors. Bitcoin is currently trading near $98,600 and has experienced a substantial increase in trading volume. Technical analysis suggests that if BTC breaks out of its consolidation range and closes above $98,100, it may reach $100,000 soon. The asset is trading above the 200 EMA on the daily timeframe, indicating an uptrend, and the RSI suggests a potential upside rally.



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