#BTCBreaks99K Bitcoin (BTC) has recently surged past the $100,000 mark, reaching an intraday high of $101,515 on May 8, 2025. This rally is attributed to several factors, including a new U.S.-U.K. trade agreement announced by #BTCBreaks99K Donald Trump, which boosted investor confidence and risk appetite. Additionally, institutional interest has intensified, with inflows into spot Bitcoin ETFs totaling $5.3 billion over the past three weeks. States like New Hampshire and Arizona have also introduced crypto reserves, further fueling optimism in the market. #BTCBreaks99K

Technical analysts are monitoring key resistance levels between $101,500 and $106,500, with the all-time high of $109,225 set in January 2025. A drop below $93,780 could signal a potential pullback toward $80,000. Despite the bullish trend, some caution is advised due to low trading volumes and lingering economic uncertainties.

Looking ahead, Standard Chartered projects Bitcoin could reach $120,000 in the second quarter, though this target may be conservative. Long-term forecasts, such as those from ARK Invest, suggest Bitcoin could hit $1 million per coin by 2030, citing increasing adoption and supply constraints.