Local bottom is forming: Bitcoin has seen a local bottom at 90K USD, but to surpass 99K USD, certain supportive factors are required. Despite global volatility, the price has increased by 4%, recovering after four days of losses.

Positive investor sentiment: After the acquisition of one million BTC at an average price of 93,447 USD, investors await positive on-chain data to confirm upward trends. Notably, retail investor demand has driven BTC accumulation.

Growth potential: While the formation of a bottom is positive, it is important to note that this may only represent a local bottom. Investors will closely observe price activity at the 99K USD level.

Market expectations: In the coming days, on-chain data will reveal whether Bitcoin can maintain its position within the 95K to 97K USD range, which could set the stage for a price surge toward 99K USD.