Despite trading below 100,000 USD, factors such as positive trader sentiment and rising liquidity could propel Bitcoin upwards. The Federal Reserve’s Reverse Repo facility has reached a 1,387-day low, indicating growing cash availability in the market.

Traders remain optimistic, with BTC’s funding rate at 0.0088% suggesting renewed demand for long positions. If Bitcoin crosses the crucial 100,000 USD mark, it may push towards its previous all-time high of 109,356 USD, reflecting strong bullish signals.