$BTC

is trading around $103,170 today, showing strong momentum. The recent push above $100K seems to be fueled by three main factors: first, positive developments in global trade deals, especially between the US and UK, have boosted investor sentiment. Second, there’s been a wave of institutional money flowing into Bitcoin ETFs, totaling over $5 billion recently. Third, BTC is outperforming traditional assets like the S&P 500 and gold, attracting attention from both retail and institutional investors.

Analysts are eyeing the $120K level as the next target if this trend continues. However, they also caution that the market might be entering overbought territory, so short-term pullbacks are possible. Still, overall sentiment remains bullish, and Bitcoin’s strong performance could continue if macroeconomic conditions stay favorable.