Bitcoin Surges 14% to $97,000, Driven by Institutional Inflows and Regulatory Optimism

Bitcoin has surged past the $97,000 mark, marking a new all-time high and continuing its upward trajectory. The cryptocurrency is currently trading just below this threshold, having recently broken through significant resistance levels. This price movement has sparked considerable interest and speculation among market participants about the potential future direction of Bitcoin.

Analysts are now watching closely for the next major price levels as this rally could drive the entire crypto market higher. In the second quarter of 2025, Bitcoin is showing strong bullish indicators. It recently cleared its 200-day moving average and is building strong support. Additional support levels at $95,797 and $96,441 are also being monitored as part of a broader bullish structure. According to an analyst, a sustained drop below $95,280 could signal the early stages of a larger correction, but as of now, Bitcoin remains firmly above that threshold.

If buying pressure resumes, short-term targets to the upside include $97,325, $98,745, and the psychological milestone of $100,000. These levels represent areas of potential resistance based on recent price dynamics. The larger trend remains constructive, with bulls aiming for a continuation of the uptrend toward the $115,000–$120,000 range later this cycle—provided current support zones hold.

Commentators and analysts are predicting that Bitcoin could see even more substantial gains in the near future. The cryptocurrency's recent performance has been driven by a combination of factors, including regulatory optimism and major institutional inflows. These developments have anchored bullish momentum, leading to a 3% rally on Thursday and pushing the price toward $105,000, according to some forecasts.

The technical landscape for Bitcoin is currently in a state of flux. With the Relative Strength Index (RSI) at 68, momentum remains strong but is nearing overbought territory. However, a clean break above $97,000 with high volume could signal a new leg up, potentially targeting the psychological $100,000 level and beyond. Conversely, a collapse below the $93,000-$92,000 range could lead to a significant correction, with the next support level around $89,000.

The current price structure of Bitcoin is characterized by a lack of immediate resistance or support levels, making it highly susceptible to volatility. This technical vacuum could lead to a significant move in either direction, determining the market's course for weeks or even months. The next big move will not merely be another leg but will set the framework for the subsequent phase of the cycle.

Institutional interest in Bitcoin continues to grow, with major financial institutions preparing to offer crypto trading to retail investors. This development has further fueled the cryptocurrency's rally, as more traditional investors enter the market. The overall market sentiment remains bullish, with Bitcoin's price just above $97,000 for the first time in nearly ten weeks. The cryptocurrency has seen a 14% increase since the beginning of the year, driven by a combination of regulatory optimism and institutional inflows. However, the lack of significant resistance or support levels makes the market highly volatile, and the next big move could determine the direction of the cycle for the foreseeable future.

The strong Bitcoin rally could push other cryptocurrencies like Ethereum, XRP, and Solana higher as well. This pattern, seen in past bull markets, usually starts with Bitcoin leading the way, followed by altcoins gaining momentum as investor money spreads across the market. While pullbacks are expected — since prices never go up in a straight line — many experts believe the market is setting up for another major run. A key support level to watch is $95,280. As long as Bitcoin stays above this, there’s a chance for more upside.