Bitcoin (BTC) has surpassed the $100,000 mark, hitting $101,000.01 on May 8, 2025, up 4.61% in the last 24 hours, per the Binance daily chart. After climbing from a 24-hour low of $95,784.61 to a high of $101,525.03, BTC shows strong bullish momentum—its 9-day MA ($99,842.55) and 25-day MA ($98,475.31) lag behind, with an RSI of 86.43 indicating overbought conditions. Trading volume spiked to 28,159.40 BTC ($2.79 billion USDT), reflecting heightened interest. Regulatory clarity from the USHouseMarketStructureDraft and ETF-driven optimism, as predicted by Standard Chartered, likely fueled this breakout, though overbought signals suggest a potential pullback.
This breakthrough might feel like a big win, especially after everyone's focus on its potential to hit $100,000. The overbought RSI could make you cautious about a dip, though.
