Current Bitcoin price analysis: Bitcoin is trading at 97,500 USD amid a symmetrical triangle pattern, indicating possible consolidation and breakout. Immediate resistance is at 98,106 USD, while support is found at 95,744 USD. Traders should monitor these critical levels closely.
Impact of Sotheby’s AUCTION: Sotheby’s AUCTION of Rui Huang’s ‘Starbase 2050,’ supported by Elon Musk, showcases blockchain integration in traditional markets, highlighting significant shifts in the art sector and the growing appeal of digital assets.
Institutional confidence in Bitcoin: MicroStrategy, holding over 170,000 BTC, anticipates inclusion in the Nasdaq 100, potentially boosting ETF inflows by 2.1 billion USD. This reflects strong institutional sentiment, further solidifying Bitcoin’s market presence.