Bitcoin’s price has surged past the $93,000 mark, fueled by sustained institutional interest and bullish market trends. Key factors behind this rally include the recent surge in US Spot Bitcoin ETF inflows and the optimistic outlook of analysts who predict a potential surge to $120,000 or higher. A five-day inflow streak for the ETF has been observed, with BlackRock’s IBIT contributing significantly on December 2. This trend has further bolstered market confidence as experts point out other factors driving the price upward, including increased trading volume and a potential Fed rate cut that could benefit the flagship cryptocurrency. While analysts see potential for sustained growth, the current volatility suggests a dynamic situation in the crypto market. The $93,000 level marks a significant milestone and a possible inflection point in Bitcoin’s trajectory.