BlackRock, the world's largest asset manager, increased its Bitcoin holdings by $750 million after Grayscale sold $150 million worth of BTC. This acquisition suggests BlackRock's growing confidence in Bitcoin, especially after it reached the $100,000 milestone. The rise in BlackRock's holdings helped Bitcoin retest $100,000 after briefly dropping to $97,000. The SOPR ratio indicates that the price is closer to the bottom than the top, suggesting the potential for Bitcoin's price to continue rising. Technically, Bitcoin is trading within a symmetrical triangle pattern, and the Chaikin Money Flow indicates buying pressure. Depending on factors like institutional selling, Bitcoin's price could reach $103,649 or decline to $93,378.



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