Bitcoin has impressively maintained its price above $100,000 for 33 consecutive days, showcasing strong buyer interest and optimism in the market.

Recently, Bitcoin's price surged by 3.07% in a single day, solidifying its position above $100,000 and pushing its market cap to over $2.169 trillion.

This remarkable market cap growth is largely attributed to institutional adoption from major companies like MicroStrategy, Tesla, and Fidelity, all of which recognize Bitcoin as a valuable asset.

Michael Saylor, CEO of MicroStrategy, has been a vocal advocate for corporate Bitcoin adoption, even suggesting that Apple should consider investing a portion of its $60 billion cash reserves in Bitcoin.

Bitcoin's ascent highlights its increasing influence in the financial landscape, positioning it as a dominant asset compared to established companies.

In fact, Bitcoin has now surpassed Alphabet, Google's parent company, making it the sixth-largest asset globally.

Recent whale activity further underscores confidence in Bitcoin's price, with one whale expanding their long position to $280.7 million, signaling expectations of future gains.

The strong buying momentum for Bitcoin is evidenced by the Cumulative Volume Delta (CVD), which indicates robust buying pressure as it continues to approach the $100,000 mark.

While small daily price fluctuations, such as a recent 0.14% drop, are common during consolidation phases, Bitcoin's overall trajectory remains bullish.

Analysts are optimistic, suggesting that Bitcoin is currently in a bullish phase, with projections indicating potential price targets of $110,000 or more based on its recent performance and market conditions.