$BTC

As of May 8, 2025, the price of Bitcoin (BTC) has surpassed $99,000, reaching $99,096, with an intraday increase of approximately 2.6%, peaking at $99,835.

This wave of increase is driven by multiple positive factors, including the upcoming trade negotiations between the U.S. and China, continued inflow of institutional funds, and the passage of a bill in New Hampshire allowing up to 5% of state reserve assets to be invested in Bitcoin and other high-market-cap digital assets.

Technical analysis shows that Bitcoin has broken through a key resistance range, with the next target being the psychological barrier of $100,000. If it can maintain this level, it may challenge the range of $105,000 to $110,000.

However, if the price falls back, the $93,000 to $94,000 range serves as a major support area. Investors should closely monitor market dynamics and operate cautiously.