As of May 8, 2025, the price of Bitcoin (BTC) has surpassed the $100,000 mark, reaching $99,754 for the first time in three months. This surge is driven by multiple factors, including the impending trade agreement between the United States and the United Kingdom, Morgan Stanley's plan to offer spot cryptocurrency trading on its E*Trade platform, and large institutions like Strategy (formerly MicroStrategy) planning to raise $21 billion through stock issuance to further purchase Bitcoin. Technical analysis shows that Bitcoin has broken through the descending channel and flag pattern; although trading volume has not significantly increased, market sentiment is leaning towards optimism. Analysts predict that if it breaks through the key resistance level of $100,000, it may rise to $120,000, and even challenge the 2021 high of $259,000. Overall, Bitcoin is gradually consolidating its position as digital gold, and future trends will still need to pay attention to market dynamics and regulatory policies.