Bitcoin rallies as spot ETF inflows soar, but $105K looks out of reach

Bitcoin has experienced a significant rally, driven by increased inflows into spot exchange-traded funds (ETFs), signaling growing institutional interest. Despite this surge, analysts suggest that the target price of $105,000 may be unrealistic in the near term. The current momentum is attributed to positive market sentiment and regulatory developments surrounding Bitcoin ETFs. However, market volatility and external economic factors could impact future price movements. Investors remain cautiously optimistic as they monitor these dynamics.

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