Bitcoin ($BTC has recently surged past the $100,000 mark, reaching an intraday high of $103,978.00. Currently, it's trading at $102,786.00, reflecting a 1.59% increase from the previous close.

📈 Market Drivers Behind the Surge

Trade Optimism: Positive developments in U.S.-U.K. trade relations have bolstered investor confidence, contributing to Bitcoin's upward momentum.

ETF Inflows: Spot Bitcoin ETFs have seen record inflows exceeding $40 billion, indicating strong institutional interest. CoinDesk

Short Liquidations: The rapid price increase has led to the liquidation of nearly $400 million in bearish positions, further fueling the rally. CoinDesk

🔍 Technical Outlook

Analysts are watching key resistance levels near $107,000. If Bitcoin maintains its current momentum, it could target $120,000 in the near term. However, if the $100,000 support level fails, a retracement to around $92,000 is possible