BlackRock CEO Larry Fink has endorsed Bitcoin as a 'legitimate alternative asset' in a recent CBS 60 Minutes interview, highlighting the growing institutional interest in the cryptocurrency. Bitcoin is currently trading near $113,700, following a pullback from its recent high of $124,000. On-chain data indicates $185 million in net outflows, suggesting accumulation by investors. The cryptocurrency remains within an ascending channel since April, with key support at the 100-day EMA and a critical trendline. Analysts believe Fink's comments may stabilize market sentiment amid ongoing volatility.