Bitcoin once again demonstrates resilience today. Starting at $93,200 on January 9th, the price was stimulated by dovish comments from Federal Reserve officials, pushing the price upward to test higher levels, ultimately stabilizing around $94,800, with a daily increase of 1.72%.

The driving forces behind this come from two directions. First, the market has reignited expectations of a rate cut in March, which is always positive for risk assets; second, institutional investors continue to increase their positions, with significant inflows through compliant channels such as cryptocurrency ETFs, noticeably warming the buying sentiment.

However, the $95,000 threshold still presents some resistance. In the short term, it is likely to fluctuate within this range, with participants on both sides. From the current pattern, a sideways upward trend is more likely to continue. After all, the fundamentals still support this movement; it just takes time to digest.