Bitcoin Surges Past $104K as Institutions Rush In and Bulls Take Control

Bitcoin has crossed the $104,000 mark, signaling a renewed surge in bullish momentum backed by rising institutional interest. The upward price movement reflects growing confidence among large-scale investors, treating the digital asset as a long-term hedge.

When Bitcoin’s price dipped below $95,000 in early May, it triggered multiple days of consecutive declines. That trend was followed by a sharp reversal on May 7 as buyers took over, catalyzing the rebound.

The recovery after May 7 has been anchored by recurring green candles, steadily lifting Bitcoin above significant resistance. Since May 7, Bitcoin has kept its price well above $103,000 despite a few temporary pullbacks.

Binance CEO Richard Teng maintains that Bitcoin is still the primary digital asset and a trusted way to preserve value. He argued that in moments of economic volatility worldwide, institutions are starting to regard Bitcoin as a digital version of gold.

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Institutional Inflows Strengthen Bullish Momentum

This sustained climb is attracting further attention from traditional investors, who are beginning to treat Bitcoin as a key component in diversified portfolios. Teng believes that Bitcoin’s role is expanding, driven by its unique position as a hedge against traditional market risks.

According to market figures, institutions are a primary driver of Bitcoin’s upward movement. A rise in trading activity and positive investor mood keeps Bitcoin above essential support lines.

Short-term corrections have failed to break the trend, with buyers quickly stepping in to defend price levels. The structure of bullishness continues to hold, and the present market activity signals that both individual and institutional investors are active.

The periodic rises in price after each institutional investment are evidence of a strengthening belief in Bitcoin’s long-term worth. More investors are treating Bitcoin as a strategic tool to limit losses from price rises, exchange volatility, and broader economic volatility.

Conclusion

Bitcoin’s break above $104,000 highlights a market shift powered by institutional demand and strong bullish sentiment. As investor confidence builds, Bitcoin is securing its place as a central asset in modern investment strategies.

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