Bitcoin has returned to the $96,000 level, marking a significant milestone since late November 2024. This surge is fueled by growing institutional investment and a decline in macroeconomic concerns. The cryptocurrency saw a nearly 20% price increase from its April low of $79,000. This momentum was boosted by over $381 million in ETF inflows and renewed optimism following President Donald Trump’s softened stance on China trade tensions. Despite this bullish trend, analysts warn about potential resistance around $94,000-$95,000, citing heavy selling pressure observed in spot markets. With Bitcoin still 16% below its January peak of $109,000, volatility remains a key concern for investors, especially with the continued correlation between stock market movements and cryptocurrency prices. Institutional players are observing a shift in strategy with large firms like Strategy leading the charge. This week saw Strategy acquire another $1.4 billion worth of Bitcoin to further solidify their position in the market, while newcomers such as Twenty One Capital emerged offering similar investments in an attempt to challenge Strategy’s dominance. The potential for sustained momentum remains a topic of discussion among investors in a world facing global economic uncertainties.