Bitcoin prices are currently hovering around the $90,000 resistance level. A bull flag is forming on the short-term chart, which could lead to a measured move upwards to $100,000 if successful. This potential bull run is being driven by institutional investors, with heavy buying from Spot Bitcoin ETFs and large companies like MicroStrategy.
Additionally, there is potential for sovereign buying from various countries. If Bitcoin can break through the $90,000 resistance level and maintain support, it may reach the 1.618 Fibonacci level at $101,000, opening the door for even higher price targets.
