Bitcoin Reclaims $100K: Bullish Momentum Resurfaces
On May 8, 2025, Bitcoin (BTC) surged past the $100,000 mark for the first time since February, reaching an intraday high of $101,879. This rally is attributed to renewed investor optimism following a significant U.S.-U.K. trade agreement, which has alleviated concerns over global trade tensions.
Technical indicators support this upward trend. The Relative Strength Index (RSI) stands at 66, indicating strong buying momentum, while the Moving Average Convergence Divergence (MACD) shows bullish signals.
Institutional interest remains robust, with U.S. spot Bitcoin ETFs recording over $4.6 billion in inflows over the past two weeks. Analysts suggest that if Bitcoin maintains its momentum and breaks above the $100,000 resistance, it could pave the way for further gains.
As of now, Bitcoin is trading at $101,130, reflecting a 4.65% increase from the previous close.
