Key points:
Bitcoin price pushed above $95,000, increasing the chance of a rally to $100,000.
Institutional investor demand is back, suggesting that the bearish trend could be over.
Select altcoins could break above their respective overhead resistance levels if Bitcoin remains strong
Bitcoin (BTC) bulls are trying to sustain the price above $95,000, but they are likely to face significant resistance from the bears. Will buyers succeed in pushing the price toward the psychologically important level of $100,000, or is a pullback around the corner? That is the big question on the traders’ minds.
A positive sign is that inflows for US spot Bitcoin exchange-traded funds have increased since April 21, per Farside Investors data. Coinbase Institutional head of strategy John D’Agostino said in a recent interview with CNBC that
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