$BTC Bitcoin ($BTC) is currently trading around $100,000, after reaching an all-time high of $109,356 in January 2025. The recent stabilization reflects a pause in the bullish momentum driven by the 2024 halving, the approval of Bitcoin ETFs in the U.S., and a favorable political environment following the election of Donald Trump, who promised pro-crypto policies. However, volatility persists, with recent drops to $76,000, according to analysts like Ryan Wilday, who sees a buying opportunity before a possible surge to $125,000 this cycle, followed by a bear market. Fundamental factors support optimism: institutional adoption is growing, with companies like MicroStrategy investing billions, and states like Arizona considering Bitcoin reserves. Nevertheless, risks such as Trump's trade policies, which generate economic uncertainty, and the Federal Reserve's resistance to lowering rates could hinder momentum. Technically, $BTC is moving in an upward channel, with key support between $69,000-$83,000. Opinion: $BTC remains a high-risk, high-reward asset. The narrative of 'digital gold' is strengthening, but caution is key. Invest only what you are willing to lose and diversify.