BITCOIN BREAKS ABOVE $100,000!

Bitcoin has indeed broken above $100,000, reaching a high of $101,525. This surge is attributed to several factors :

US-UK Trade Deal: President Donald Trump's announcement of a major trade deal with the UK has boosted market optimism.

Institutional Inflows: Spot Bitcoin ETFs have seen $1.8 billion in inflows over the past trading week, indicating growing institutional interest.

Macroeconomic Factors: Falling US bond yields and a weakening dollar have added to Bitcoin's appeal as a hedge.

Market Dominance: Bitcoin's market dominance has surged above 60%, reflecting growing investor preference for BTC over altcoins.

Some analysts predict further growth, with potential targets including :

$110,000: Ben Caselin, CMO at VALR, sees a good chance of Bitcoin charting new highs north of $110,000.

$120,000: Standard Chartered forecasts Bitcoin reaching $120,000 by the second quarter of this year.

$200,000: Standard Chartered also predicts a potential price of $200,000 by the end of 2025.

However, upcoming US macro data, such as the Consumer Price Index (CPI) on May 13, may influence Bitcoin's momentum .#BTCBreaks99K