Bitcoin Surges to $94K, Traders Expect $100K Breakthrough

Bitcoin surged to nearly $95,000 in April, driven by strong accumulation from large holders and renewed demand from U.S. investors, as reflected by a positive Coinbase premium. Market analysts and influential figures, such as Prince Filip of Serbia, anticipate a potential breakout above $100,000, citing Bitcoin's deflationary nature and robust ETF inflows. Options and futures trading data reveal a sharp shift in sentiment, with significant bets on Bitcoin reaching $110,000 by June, despite some long-term caution. The rally has been buoyed by easing concerns over U.S.-China trade relations and a more stable outlook for Federal Reserve leadership. While Bitcoin's dominance over altcoins has strengthened, broader crypto markets remain more volatile, and technical analysis suggests further room for upward movement. Investors increasingly view Bitcoin as a hedge against macroeconomic uncertainty and inflation, setting the stage for potential new all-time highs.