#BTCBackto100K Bitcoin has once again surpassed $100,000, reaching an intraday high of $103,978 on May 9, 2025. This surge is attributed to improved market sentiment following the signing of a trade agreement between the U.S. and the U.K., which alleviated fears about tariffs and encouraged risk-taking.

The inflow of $5.3 billion into spot Bitcoin ETFs in the last three weeks has boosted institutional demand. Additionally, states like Arizona and New Hampshire have proposed establishing strategic Bitcoin reserves, reinforcing its role as a safe-haven asset.

Technically, the $100,000 level is considered a key support, with projected resistances at $107,000 and a potential target of $120,000 if the upward trend continues. However, analysts caution about possible pullbacks to $92,000 in the event of profit-taking.

This milestone marks a possible beginning of a new bullish cycle for Bitcoin, backed by solid fundamentals and growing institutional interest.