#BTCBackto100K Bitcoin has indeed broken back above the $100,000 mark, reaching a current price of $101,353.30. This surge is attributed to several factors, including¹ ²:

- *Trade Talk Optimism*: Fresh US-China trade talks and potential détente hopes have reignited risk appetite across global markets.

- *ETF Inflows*: Spot-Bitcoin exchange-traded funds recorded $142 million of net inflows, signaling institutional buyers are back.

- *Macro Backdrop*: The Federal Reserve's decision to hold rates steady has removed a key overhang for risk assets.

Some notable price predictions for Bitcoin include:

- *Standard Chartered's Target*: $120,000 by year-end, potentially too conservative if geopolitical tensions continue to push capital away from US equities.

- *Potential Resistance*: Analysts suggest there's no significant resistance until around $100,000, paving the way for further growth.

Market sentiment is bullish, with:

- *Increased Investor Confidence*: Glassnode reports a record high realized cap of $889 billion, growing 2.1% over the past month.

- *Strong ETF Inflows*: Over $4.6 billion has entered Bitcoin ETFs in the last two weeks, reversing earlier outflows.

Keep an eye on upcoming economic data, such as US budget data on May 12 and CPI on May 13, which may impact Bitcoin's price movement.³