Bitcoin Breaks Through $93,000 Barrier as Bullish Momentum Builds

Bitcoin (BTC) continues to demonstrate bullish strength after the halving event on April 15th, 2024. Currently hovering above the crucial support level of $93,500, Bitcoin is exhibiting a strong upward trend as it approaches resistance at $99,000. Analysts attribute this rise to increasing institutional interest and the growing adoption of DeFi applications. Recent data shows that price action closely resembles past cycles after halvings, with consistent consolidation followed by sustained upward movement.