As of May 12, 2025, the price of Bitcoin (BTC) has broken through the $100,000 mark, reaching a peak of $105,747 for the first time since February. This surge was primarily driven by a new trade agreement between the United States and the United Kingdom, which alleviated global trade tensions and boosted investor confidence in risk assets. Additionally, institutional investor interest in Bitcoin has risen, with $5.3 billion in inflows into spot Bitcoin ETFs over the past three weeks, indicating increased demand for crypto assets. Technical analysis shows that Bitcoin has broken through a descending channel and flag pattern; although trading volume has not significantly increased, market sentiment is leaning towards optimism. Analysts predict that if Bitcoin breaks the key resistance level of $100,000, it may reach $120,000 and even challenge the 2021 high of $259,000. Overall, Bitcoin is gradually solidifying its position as digital gold, and future trends will require attention to market dynamics and regulatory policies.