Strong institutional investor participation: ETFs have purchased over 450,000 BTC in the last month, indicating strong demand from institutional investors. This helps offset selling pressure from long-term holders while creating buying pressure on the market. This strong institutional participation forms the basis for short-term price growth.

Technical indicators support upward trend: Bitcoin’s price remains above the 50-day and 200-day moving averages, which are considered key support levels. Additionally, indicators like MACD and RSI are still maintaining positive signals. The price near the upper band of the Bollinger Bands reflects the potential for continued price uptrend.

Challenges and opportunities near the 100,000 USD: Bitcoin is facing significant resistance at the 100,000 USD level. If it breaks through, the market may open up for a new wave of price increases with potential forecasts up to 120,000 USD. However, the support level at 93,000 USD should be monitored in case of unexpected price drops.

Market sentiment and the risk of correction: Current sentiment is described as “extreme greed,” which creates the risk of short-term corrections before the market can gain more profits. Investors need to prepare mentally for potential temporary price adjustments even though the overall trend is positive.