As reported by BitJie, Bitcoin price tested the $92,000 resistance level after a weekly rebound. Institutional demand for Bitcoin has resurged, reflected in the Coinbase BTC Premium index turning positive. BTIG analysts suggest Bitcoin could reach $100,000 by year-end, supported by a strong fundamental outlook and potential liquidity from the Fed's upcoming quantitative easing. The RSI for Bitcoin hit oversold levels following a sharp sell-off, indicating potential for further gains.
Bitcoin Price Eyes $100,000 as Coinbase Premium Turns Positive
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