#BTCBackto100K

Bitcoin has indeed broken back above the $100,000 mark, currently trading at $102,779.99 with a 3.16% increase. This surge is attributed to various market factors, including ¹ ² ³:

- *Increased institutional investment*: Strong inflows in spot Bitcoin exchange-traded funds, with $1.8 billion in inflows in the past trading week

- *Macroeconomic factors*: Expectations of Fed rate cuts, Trump's vocal push for lower interest rates, and a potential US-UK trade deal

- *Market sentiment*: Growing bullish sentiment among investors, with Bitcoin dominance surging above 60% and a Crypto Fear & Greed Index score of 65

Some analysts predict Bitcoin will continue its bullish trend, potentially reaching higher targets, such as $105,000 or even $250,000. However, others caution that upcoming US economic data, like the budget data on May 12 and CPI on May 13, will be crucial in determining if Bitcoin can sustain its rally ² ³.

*Key Support and Resistance Levels:*

- *Support levels*: $102,200, $100,000, and $98,800

- *Resistance levels*: $103,500, $104,200, and $105,000

Would you like more information on Bitcoin's price analysis or market trends ²?