Bitcoin trades at 97,935 USD, demonstrating HIGH momentum despite low trading volumes. Investor interest, particularly from institutions like MicroStrategy, has helped it rebound from last month’s low of 91,816 USD. Yet, the cryptocurrency encounters significant resistance at 98,000 USD, inhibiting further upward Movement.

US Bitcoin ETFs hold 110 billion USD, accounting for 5.7% of BTC’s total supply, reflecting increased institutional demand. Meanwhile, firms like Marathon Digital advocate long-term investments, citing potential HIGH returns compared to traditional financial assets. However, volumes remain thin, suggesting cautious market sentiment persists, challenging stronger price breakthroughs.

Bitcoin shows moderate buying signals, supported by technical indicators, suggesting prospects for future gains. Immediate support remains at 95,837 USD, with resistance challenging the rise above 98,000 USD. Marathon Digital foresees growth, driven by ETF adoption and regulatory clarity, aligning with broader market Optimism for potential price hikes.