#BTCBackto100K Bitcoin has once again captured the attention of the crypto world, with the price surging back to the $100,000 mark on May 8, 2025. This bullish momentum, fueled by a reported major trade deal between the US and the UK, has instilled a sense of optimism in the market. After consolidating around the $94,000 level in early May following a peak of $109,114 in January, this recent rally signifies renewed buying interest.

Analysts point to a combination of factors driving this upward movement, including positive market sentiment stemming from the trade deal news and sustained institutional interest. Prediction markets are also reflecting this bullish outlook, with median expectations for Bitcoin's price in 2025 now hovering around $124,000. While some anticipate a potential pullback after this rapid ascent, the prevailing sentiment suggests that Bitcoin may be gearing up for another push towards its all-time high. Key resistance levels to watch lie around $105,000, with strong support established near the $96,000 mark.