#BTCBreaks99K *Bitcoin Surges Past $99,000: What Drives the Rally?*

Bitcoin (BTC) has broken through the $99,000 mark, sparking excitement in the cryptocurrency market. This surge is attributed to several factors ¹ ²:

- *Federal Reserve's Steady Interest Rates*: The US Federal Reserve's decision to keep interest rates unchanged has boosted market sentiment, contributing to Bitcoin's price increase.

- *Potential Trade Deal*: Speculation about a "major trade deal" hinted by President Trump has further fueled optimism.

- *Bullish Market Sentiment*: Strong demand for May and June call options indicates traders are positioning for continued upside in the near term.

*Key Statistics:*

- *Current Price*: $99,262.73

- *Market Cap*: $1.93 trillion

- *24-hour High*: $99,888

- *24-hour Low*: $95,784.61

*Market Analysis:*

- *Resistance Zone*: $98,500 – $100,000

- *Support Zone*: $95,000 (critical level)

- *Trend*: Bullish with strong upside potential

*Trading Strategies:*

- *Long Zone*: Entry zone $96,500 – $97,000, targeting $98,500 and $100,000

- *Short Zone*: Entry zone $98,500 – $99,500, targeting $97,000 and $95,000

*Expert Insights:*

- Analysts at Bitfinex expect Bitcoin to break its all-time high of $109,000 if the $95,000 support holds.

- Whale accumulation and positive inflows from US-based spot BTC exchange-traded funds strengthen the bullish case ².