Bitcoin is nearing the $100,000 mark, trading at $98,320, as the Coinbase Premium Index hits a two-year low of -0.23%, indicating potential institutional interest. Over 48,000 BTC have been withdrawn from exchanges, reflecting bullish sentiment, while technical analysis suggests a strong upward move could follow the current fourth wave in a larger bullish cycle, targeting prices between $117,475.70 and $138,058.37. Investors are advised to monitor critical price levels, particularly the 50-day moving average above $96,000, to gauge market direction.