Bitcoin Price Reaches New Highs Above $98K, Bullish Momentum Builds toward $116K Resistance

Bitcoin trades above the key support level of $98,131, with resistance at $116,900. This positioning highlights a sustained long-term accumulation trend, but also shows signs of moderate overvaluation and steady buying activity. Institutional investors are driving price increases, with BlackRock and Fidelity making significant purchases as well as Basel Medical Group announcing plans to invest $1 billion in Bitcoin.