#BTCBackto100K Bitcoin (BTC) has once again captured the attention of investors and enthusiasts as it has broken back above the significant $100,000 mark. This resurgence, the first time since early February 2025, is being attributed to a confluence of factors signaling renewed optimism in the cryptocurrency markets.

Several news outlets reported on Thursday, May 8, 2025, that Bitcoin had surpassed this key psychological level. The rally in Bitcoin's price appears to be linked to a broader "risk-on revival" in global markets, with stocks also showing strong performance. Analysts suggest that investors are becoming more comfortable allocating capital to riskier assets, and the positive sentiment surrounding a recently announced trade agreement between the U.S. and the U.K. has further fueled this trend.

According to market observers, Bitcoin's behavior continues to align with that of a high-beta risk asset, tending to outperform during periods of bullish market sentiment. Technical analysis points to key resistance levels around $106,500 and $110,000. Sustained trading above the $100,000 level could position Bitcoin for a potential retest of its all-time high, which was near $109,000 in late January 2025. Conversely, a drop below near-term support at $93,780 might lead to a more significant pullback.

The overall cryptocurrency market capitalization also saw a boost, reaching over $3.1 trillion. This indicates a broad positive sentiment across the digital asset space. Increased open interest in Bitcoin futures and a rising correlation with traditional safe-haven assets like gold further underscore the current bullish momentum.

While short-term profit-taking could introduce some volatility, the prevailing sentiment suggests that Bitcoin's return above $100,000 is a significant milestone, potentially indicating a continuation of the bull market. Investors will be closely watching key price levels and macroeconomic developments to gauge the sustainability of this upward trend.