$BTC

Recently, the price of Bitcoin has broken through the $100,000 barrier, reaching a new high since February 2025. This surge is driven by multiple factors, including trade agreements between the United States and the United Kingdom, progress in trade negotiations with China, and a significant influx of institutional funds. Reports indicate that over the past three weeks, the inflow of funds into spot Bitcoin ETFs has reached $5.3 billion, demonstrating strong interest from institutional investors.

In terms of technical analysis, Bitcoin currently faces a resistance level of around $107,000. If this level is breached, it could further rise to $120,000. However, if the price falls below the support level of $100,000, it may pull back to $92,000.

Additionally, long-term holders may take profits as the price approaches $99,900, which could put upward pressure on prices.