Bitcoin Booms Past $97,000 as Market Reaches New Peaks

This past week witnessed a calmer crypto market compared to the volatility seen earlier in the month, with Bitcoin’s price gradually inching upwards. After hitting a five-month low, Bitcoin has surged beyond the crucial $90,000 mark and is now trading around $97,337 – its highest point in several months. This rise was fueled by positive sentiment in the market, with analysts highlighting the formation of a recurring bullish pattern and the renewed momentum in mining activities. The asset experienced resistance at higher levels earlier this week but ultimately broke through, leading to further gains.