🚀 Bitcoin's price could hit a whopping $74,000 soon, thanks to softer U.S. inflation figures and growing institutional demand. Big players like Millennium and Schonfeld are diving into Bitcoin spot ETFs, signaling a surge in institutional interest. 📈

Short-term selling pressure is easing off, say on-chain analysts. The U.S. Consumer Price Index (CPI) rose less than expected, triggering a BTC breakout, pushing it past $66,000 for the first time since April.

This, coupled with traditional finance demand, could see Bitcoin reclaiming its March record of $73,700. "We expect bullish momentum here that could take us back to the highs of nearly $74,000," say QCP traders.

Institutional demand for Bitcoin is on the rise, with Millennium and Schonfeld investing around 3% and 2% of their AUM into the BTC spot ETF.

What do you think, folks? Are we on the brink of a Bitcoin breakout? Let's chat in the comments! #Bitcoin #CryptoNews 🚀🌕