Bitcoin’s price has recently surged to new highs, driven by investor confidence and renewed interest in risk assets. The cryptocurrency market is currently focused on the just-under-$100,000 level, last observed in late February. This follows a period of decline triggered by U.S. tariff announcements. While this bullish momentum continues, investors must anticipate potential headwinds: tax negotiations between Washington and Beijing could impact market sentiment. Moreover, mixed signals from on-chain indicators might contribute to price volatility. 4 billion dollars were invested in Bitcoin ETFs in the last two weeks as institutional investors have boosted confidence. This is reflected in BlackRock’s record weekly inflows of $1.5 billion into their Bitcoin ETF alone. Off-exchange wallets also show a growing net inflow, with around $39.79 million leaving private wallets to be held, suggesting less selling pressure on the market. However, some analysts highlight the potential for profit-taking as long-term holders’ profitability approaches 350% – exceeding the $100,000 mark and a key level for profit-taking. While Bitcoin has managed to stay above its 20-day moving average ($96,892), concerns regarding resistance levels near $98,000 remain as bears attempt to pull back the price. Key technical levels will need to be maintained if Bitcoin hopes to continue its upward trajectory toward a potentially decisive breakout towards the $100,000 mark.