$BTC Bitcoin (BTC) Price Surges Amid Market Optimism – May 9, 2025
Bitcoin (BTC) has surged past $104,000, fueled by global trade optimism and institutional confidence. The U.S.-U.K. trade deal and upcoming talks with China have boosted investor sentiment. Technical analysis shows resistance near $107,000, with potential upside toward $120,000. Meanwhile, BlackRock has added BTC to its $150B model portfolio, allocating up to 2%. Additionally, the U.S. government’s Strategic Bitcoin Reserve continues to strengthen Bitcoin’s legitimacy as a national asset. With bullish momentum and rising adoption, BTC remains a top-performing digital asset in 2025.