#BTCBreaks99K Bitcoin has decisively broken above the $100,000 mark, reaching as high as $101,075 on some exchanges. This surge signifies a strong bullish momentum, fueled by increased institutional interest, positive regulatory developments, and potentially a recently announced trade agreement between the US and the UK. Bitcoin's market dominance has also surpassed 60%, its highest level since early 2021, indicating strong confidence in BTC over altcoins.
The next potential move could see Bitcoin testing the $105,000 and then the $110,000 resistance levels. Some analysts even project a move towards $120,000 if the current momentum sustains. However, short-term profit-taking after such a significant surge is possible, which could lead to a retest of the $100,000 level as new support. Investors should closely monitor upcoming US budget data and CPI figures for potential market-moving catalysts. Overall sentiment is currently in "Greed" territory, suggesting caution as the market could be prone to corrections.