Bitcoin Price Forecast: BTC eyes $97,000 as institutional inflow surges $3.06 billion in a week :

Bitcoin price stabilizes above $94,000 on Monday, following a 10% rally the previous week.
US Bitcoin spot ETFs recorded a total inflow of $3.06 billion last week, the highest weekly figure since mid-November.
The technical outlook suggests a successful breakout above $95,000 could rally toward $97,000.
Bitcoin (BTC) price is stabilizing above $94,000 at the time of writing on Monday, following a 10% rally the previous week. The institutional demand supports a bullish thesis, as US spot Exchange Traded Funds (ETFs) recorded a total inflow of $3.06 billion last week, the highest weekly figure since mid-November. The technical outlook suggests that a successful breakout above $95,000 could lead to a rally toward $97,000.

Bitcoin inflows have reached levels since the US Presidential election
Institutional demand strengthened last week. According to the SoSoValue data, the US spot Bitcoin ETFs recorded a net inflow of $3.06 million last week after an inflow of $15.85 million the previous one. Last week’s inflow record reached levels seen during the US Presidential election in November, where BTC price soared above $100,000 for the first time. If the demand from institutional investors continues and intensifies, Bitcoin could see a similar price rally.
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