$BTC Bitcoin's recent surge past $101,000 is attributed to several factors, including

Increased Institutional Adoption Growing investment from institutions and corporations has driven demand and pushed prices higher.

Macro-Economic Factors Favorable macroeconomic conditions, such as shifting inflation expectations and a more dovish Federal Reserve stance have reignited risk on sentiment among investors.

Potential Trade Deals Speculation about a possible US UK trade deal hinted at by President Donald Trump, has contributed to the bullish sentiment.

Key Price Levels to Watch.

Resistance at $102,000Bitcoin needs to sustain above this level to maintain upward momentum.

Potential Target of $110,000Analysts predict that breaching this level could trigger significant liquidation events on major centralized exchanges.

Support Level at $98,200This level is crucia for maintaining the bullish trend as indicated by Bitcoin's short-term holder realized price.

Market Sentiment:

Bullish Momentum.The Crypto Fear & Greed Index consolidates in the "Green" area indicating strong bullish momentum.

Cautious Optimism Investors remain cautious aware that the $100,000 threshold is as much a psychological barrier as it is a technical one

Future Outlook.

Potential Price Targets. Analysts predict Bitcoin could reach $120,000 by the end of Q2 2025, driven by institutional and sovereign demand.

Regulatory Developments: Favorable regulatory developments under the #Trump administration could further boost Bitcoin's price .