🚀 Bitcoin Smashes $96K Resistance as Institutional Money Floods In
Bitcoin has broken decisively above the $96,000 resistance level, briefly touching $97,500 and posting a weekly gain of over 5.6%. Technical indicators reinforce the bullish momentum: RSI sits near 58 (neutral-optimistic), MACD shows a bullish crossover, and key support is forming around $94,500, signaling strong market confidence.
The rally is being powered by institutions. Spot Bitcoin ETFs recorded massive net inflows of $753.8 million in a single day, while MicroStrategy added 13,600 BTC worth $1.25 billion, pushing its total holdings above 687,000 BTC. Stable U.S. inflation at 2.7% CPI and an upcoming U.S. Senate vote on the CLARITY Act are further boosting risk appetite—fueling one of the strongest institutional-driven moves of the year.
