As of May 9, 2025, Bitcoin ( $BTC ) is trading around $103,700, marking a 4.5% increase over the past 24 hours. The cryptocurrency has surged past the $100,000 mark, reaching a high of $104,000, driven by positive market sentiment and optimism surrounding global trade developments. 
Analysts are eyeing potential resistance at $107,000, with projections suggesting that if bullish momentum continues, BTC could target $120,000 in the near term. However, caution is advised as the Relative Strength Index (RSI) indicates overbought conditions, which may lead to short-term corrections. 
