#BTCBreaks99K Bitcoin has shown remarkable resilience, breaking through the $99,000 barrier on May 9, 2025, and currently trading around $99,300. This upward trajectory follows a period of consolidation in early May and a subsequent surge past the $100,000 mark yesterday. While the price has slightly retraced, the ability to swiftly reclaim the $99,000 level indicates strong underlying bullish momentum.

Market analysts attribute this continued strength to a confluence of factors, including sustained institutional demand and positive market sentiment. The recent US-UK trade deal continues to have a ripple effect, boosting overall investor confidence. Furthermore, the limited supply of Bitcoin on exchanges and ongoing accumulation by larger holders contribute to the upward pressure. Investors are now eyeing the psychological $100,000 level as the next significant resistance, with many anticipating a retest in the near future. Support levels are currently established around $98,000.