After weeks of fluctuations, the price of Bitcoin (BTC) has finally reached its highest level in the past two weeks, crossing the $91,000 mark and aiming for the next resistance level in the range of $92,000 to $94,000. With the weakening of the US dollar, a fresh wave of capital inflow into Bitcoin exchange-traded funds (ETFs) in the United States has sparked renewed interest from major market players in the cryptocurrency market. Analysts believe that capital inflow and increased interest from market giants have been the driving force behind the recent growth in Bitcoin’s price. At the time of writing this news, Bitcoin is trading around $91,500, showing approximately 5% growth from the daily low and 8% growth from last week. Analysts suggest that Bitcoin surpassing the $88,700 resistance range could pave the way for a new uptrend. Some analysts, including Titan of Crypto, believe that Bitcoin closing above this resistance range could propel BTC towards $92,000 or even higher. On the other hand, capital inflow into Bitcoin ETFs has reached its highest daily level since January 2025. Additionally, the growth in the number of long-term Bitcoin holders is considered another positive signal that could strengthen the upward trend in the long run. Furthermore, the appointment of Gary Gensler as the new head of the US Securities and Exchange Commission (SEC) and reports of a possible trade agreement between the United States and China have breathed new life into the digital currency market. In this regard, Robert Kiyosaki, the famous author of ‘Rich Dad Poor Dad,’ has predicted that the price of Bitcoin could reach $180,000 or even $200,000 by 2025. You can view the real-time prices of all tokens and cryptocurrencies on the Momentary Digital Currency Price page.
