$BTC is trading at approximately $102,899, reflecting a slight decrease of 0.5% over the past 24 hours. The day's trading range has seen a high of $103,978 and a low of $102,387.

This recent price movement follows a significant rally earlier in the week, where $BTC surged past the $100,000 mark. Analysts attribute this upward momentum to factors such as anticipated Federal Reserve rate cuts, increased institutional investments, and easing global trade tensions.

Technical indicators suggest that Bitcoin faces immediate resistance between $103,700 and $104,000. A successful breakout above this zone could propel the price toward $105,000. Conversely, if the price fails to hold above $101,800, it may retrace to support levels around $97,500.

For a visual representation of Bitcoin's recent price trends, refer to the chart below: