🚀 We all remembered how Bitcoin ($BTC ) soared past $100K last week, reaching an intraday high of $105,000—the first time since February 2025.
This surge was fueled by a landmark U.S.-U.K. trade agreement and optimism surrounding U.S.-China trade talks, which bolstered investor confidence and risk appetite.
📈 Let me share my Trade gains Breakdown of last week ☺️:
My Entry Point: On May 6, I identified a bullish pennant formation and entered a long position at $97,000.
Catalyst: The announcement of the U.S.-U.K. trade deal on May 8 acted as a catalyst, propelling BTC's price upward.
Exit Point: I closed the position at $104,500 on May 10, securing a profit of $7,500 per BTC.
📊 Key Metrics:
Institutional Inflows: Over $5.3 billion flowed into spot Bitcoin ETFs in the past three weeks, indicating strong institutional interest.
Technical Indicators: The Relative Strength Index (RSI) surpassed 70, suggesting overbought conditions and potential for short-term corrections.
⚠️ Caution Ahead:
Despite the bullish momentum, Bitcoin experienced a sharp drop to $103,713 on May 12, highlighting the market's volatility and the importance of risk management.
🔮 Outlook:
Analysts project that Bitcoin could reach $120,000 in Q2 2025, driven by continued institutional adoption and favorable macroeconomic conditions.