#BTCBreaks99K

Bitcoin (BTC)$BTC is currently trading around $99,300 on May 8, 2025, showing a 2.5% increase in the last 24 hours with a $1.97 trillion market cap. Institutional adoption via ETFs and corporate accumulation, positive macroeconomic signals like potential Fed rate cuts, and strong on-chain data are driving the price. Technical analysis indicates a bullish trend, although the RSI is in overbought territory.

Experts like Standard Chartered and Bernstein predict BTC could reach $200,000 by year-end, with near-term targets around $100,000. However, short-term holder cost basis near $95,000 and potential CME gaps around $92,000-$94,000 pose short-term risks. While #BTCBreaks99K reflects current momentum, the market remains sensitive to external events and regulatory changes.