$BTC

As of May 8, 2025, the price of Bitcoin (BTC) has surpassed the $100,000 mark, reaching a high of $103,978, marking a new peak since February, with an intraday increase of approximately 2.0%. The current trading price is around $103,308, indicating strong bullish momentum.

Technical analysis shows that BTC has successfully broken through the key resistance level of $100,000, supported by a continuously rising Relative Strength Index (RSI), demonstrating a strong upward trend. Although the RSI has entered the overbought zone, there are still no significant signs of a pullback in the short term. If it can firmly stay above $100,000, the next target price may point towards the range of $110,000 to $120,000.

On the fundamental side, former President Trump announced a trade agreement with the UK, boosting market risk appetite and driving up the prices of Bitcoin and other cryptocurrencies. Additionally, institutional funds continue to flow into Bitcoin ETFs, reflecting increased confidence in the market.

Overall, Bitcoin may oscillate between $100,000 and $105,000 in the short term. Investors should closely monitor market dynamics, especially technical breakthroughs and fundamental news, to assess the future trend of BTC.