Bitcoin Breakout Ignites Speculation of $100K

Bitcoin experienced a significant breakout from a tight range, surging past the $96,900 mark and raising hopes for a push toward $100,000. Analysts like Daan Crypto Trades attribute this surge to growing DeFi activity and increasing institutional investment. The Ichimoku chart further confirms bullish momentum with Bitcoin holding above cloud support and targeting the $99,500-$100,000 range. A brief period of price compression before a robust upward movement is indicative of strong market tension.