$BTC #BTCBreaks99K

Bitcoin Surges to $100K as Spot Trading Volumes Explode

Now that Bitcoin is back above $100,000, its momentum is hard to ignore.

It’s up nearly 3% in the past 24 hours alone, pushing total gains north of 25% since this time last month.

Trading volume is also exploding – spot action has topped $55 billion since yesterday, a whopping 67% jump from the day before.

Looking at the technicals, the RSI is sitting at 56 on the daily chart, which means there’s still room before we hit overbought territory.

Bitcoin Surges to $100K as Spot Trading Volumes Explode

Now that Bitcoin is back above $100,000, its momentum is hard to ignore.

It’s up nearly 3% in the past 24 hours alone, pushing total gains north of 25% since this time last month.

Trading volume is also exploding – spot action has topped $55 billion since yesterday, a whopping 67% jump from the day before.

Looking at the technicals, the RSI is sitting at 56 on the daily chart, which means there’s still room before we hit overbought territory.

How High Can BTC Go?

Now, let’s talk about what’s next.

If Bitcoin wants to keep climbing throughout May, it will have to create firm support around the $100,000 level – expect the bulls and bears to battle it out here in the coming days.

From a catalyst standpoint, the picture looks positive.

As noted above, ETFs pulled in billions last week, big players like BlackRock are investing more and more, and corporate treasuries are quietly adding BTC.

On the government front, New Hampshire becoming the first state to approve a crypto reserve is a stamp of approval that can’t be ignored, giving even risk-averse investors a confidence boost.