#CryptoComeback

Bitcoin is trading around $103,170 today, showing strong momentum. The recent push above $100,000 seems to be driven by three key factors: First, positive developments in global trade deals, particularly between the United States and the United Kingdom, have boosted investor sentiment. Second, there has been a significant influx of institutional money into traded Bitcoin funds, totaling over $5 billion recently. Third, Bitcoin is outperforming traditional assets such as the S&P 500 and gold, attracting attention from both individual and institutional investors.

Analysts are watching the $120,000 level as the next target if this trend continues. However, they also warn that the market may enter overbought territory, so short-term pullbacks are possible. Nonetheless, overall sentiment remains optimistic, and Bitcoin's strong performance may continue if macroeconomic conditions remain favorable.