Technical signals and trading volumes. From a technical analysis perspective, Bitcoin has just broken an important resistance – a symmetrical triangle near $104,100 – which is traditionally viewed as a signal of a new bullish phase.

$After the breakout, trading volumes significantly increased: BTC/USD showed a volume spike of about 15%, to ~120,000 BTC per day, indicating active buying pressure. This market behavior confirms buyer interest and simultaneously signals short-term overbought conditions on the chart. Together, this technical data, along with fundamental news, creates favorable conditions for further growth, although it does imply increased volatility.

Thus, the recent sudden price jump of BTC is the result of a simultaneous combination of factors: social hype and retail FOMO, strong institutional demand via ETFs, positive macroeconomic signals (trade agreements, resilient risk appetite), and a technical breakout of key levels with increased trading volumes. Each of these factors has been highlighted in recent analytical reports, and their combination fully explains the price surge.