#BTCBackto100K Bitcoin hit a daily high of $99,222.22 in the early hours of May 8, its highest price since March.  Reflecting a 2.70% increase in the last 24 hours, the present price hovers at $98,950. This action violates the long-standing resistance at $99,000—a level that has been tried many times over the last three months without success.

Market activity has also been significantly increased by the unexpected upward surge. Indicating considerable interest and renewed involvement from both retail and institutional traders, over 17,400 BTC exchanged hands in the last 24 hours. Many see this increase as a possible lead-up to Bitcoin’s next key milestone: the $100,000 mark, therefore attitude has changed dramatically.