Bitcoin has experienced a significant rebound, with its price reaching $96,000. This growth is accompanied by on-chain data that points towards the potential for Bitcoin to hit the $100,000 mark. Such projections are bolstered by BTC's perceived resilience amid global inflationary trends, enhancing its status as a 'safe-haven' asset in the financial landscape.
As inflation rises, more investors are viewing Bitcoin as an alternative to traditional assets. This sentiment is contributing to the psychological momentum needed for Bitcoin to achieve the $100,000 threshold. The combination of rising prices and strategic investor behavior suggests that the cryptocurrency's upward trend might continue in the near future.
