$BTC Bitcoin (BTC) has surged past the $100,000 mark for the first time since February 2025, currently trading around $103,181. This rally is fueled by optimism over a new U.S.-U.K. trade agreement and potential progress in upcoming U.S.-China trade talks .

Institutional interest remains strong, with U.S. spot Bitcoin ETFs attracting over $5 billion in inflows over the past three weeks . However, some caution is advised as technical indicators suggest possible short-term overbought conditions, and trading volumes on Coinbase have declined, indicating cautious participation from major market players .

Analysts project potential resistance near $107,000 and an upside target around $120,000 if the rally continues . Conversely, if the $100,000 level fails to hold, prices could retrace to around $92,000, where significant technical support lies .

Overall, Bitcoin's recent performance reflects growing investor confidence amid favorable macroeconomic developments and increased institutional participation.