Bitcoin has surged to $95,000 and is nearing a potential trendline breakout, which could lead to a surge towards the overhead resistance of $106,000. This rally is driven by the announcement of a US strategic crypto reserve by President Trump. The price action of Bitcoin shows a bullish comeback from the 61.80% Fibonacci level, with multiple lower price rejections. Traders are showing increased interest, with a surge in open interest and the long-to-short ratio equalizing. Bitcoin spot ETFs have also seen a net inflow of $94.34 million. However, if Bitcoin closes below $90,000, it could invalidate the bullish recovery.



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