Bitcoin has experienced a significant rally, breaking above key resistance levels around $94,700 and reaching above $97,000 USDT. This surge, gaining over 3% in a 24-hour period, is seen as a technically significant bullish shift, potentially setting the cryptocurrency on a path towards the $100,000 mark. The renewed strength follows a period of consolidation and is partly driven by regulatory optimism surrounding proposed US legislation like the Digital Asset Market Clarity Act.