As of May 12, 2025, the price of Bitcoin (BTC) has surpassed the $100,000 mark, reaching a high of $105,747, the first time since February. This surge is primarily driven by the new trade agreement reached between the United States and the United Kingdom, which alleviated global trade tensions and boosted investor confidence in risk assets. Additionally, institutional interest in Bitcoin has risen, with inflows into spot Bitcoin ETFs reaching $5.3 billion over the past three weeks, indicating increased demand for cryptocurrency assets. Technical analysis shows that Bitcoin has broken through the descending channel and flag pattern. Although trading volume has not significantly increased, market sentiment is leaning towards optimism. Analysts predict that if it breaks through 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 need to pay attention to market dynamics and regulatory policies.