Bitcoin Consolidates Amidst Institutional Demand Surge

Bitcoin price has settled within the AVIV zone over the past year, demonstrating market stability. Key drivers include a surge in institutional investment fueled by BlackRock’s ETF and increasing regulatory clarity. This positive environment is evident as Bitcoin defends its key range between $100,000-$104,500. Political and economic forces play a role, with geopolitical tensions impacting market fluctuations and trader sentiment. Industry experts highlight correlations between Bitcoin’s performance and other altcoins, showcasing the interconnectedness within the crypto ecosystem.