Bitcoin Price Forecast: Analysts Expect $116,000 Gain as BlackRock Demand Rise

Bitcoin price is hovering around $109,700 today, holding above the $109,000 support but not above the $111,000–$113,500 EMA cluster. BlackRock's $66 million purchase of bitcoin for its Global Allocation Fund signals growing institutional adoption. Net inflows of $58.49 million signaled…