Bitcoin's price is poised to break above the psychological barrier of $50,000 as it continues to make gains. A confluence of factors including institutional investment, improving macroeconomic conditions, and a more stable cryptocurrency market are driving the price upward. With a strong daily close above $50,000, we could see a significant surge in the coming days, potentially pushing the price towards $60,000.

Stock picker and skateboarder. I trade and ride.

Institutional investment is indeed a key factor driving Bitcoin's price upwards, and with improving macroeconomic conditions, I'm expecting a strong close above $50,000 to propel the price towards $60,000.