#BTCBackto100K Hello, Binance community! 👋

Bitcoin has just broken the barrier of $101,000 and the crypto market is on fire!🔥

This bullish momentum is due to several factors:

• Trade agreement between the U.S. and the UK: The announcement of a new trade agreement has improved market sentiment, boosting risk assets like Bitcoin.

• Institutional interest: In recent weeks, Bitcoin ETFs have seen inflows of $5.3 billion, showing strong institutional demand. 

• State reserves in the U.S.: States like Arizona and New Hampshire have passed legislation to hold strategic reserves in Bitcoin, reinforcing its institutional adoption. 

From a technical standpoint, Bitcoin is testing resistance in the $104,000 to $106,000 range. If it manages to break through this zone, we could see a move towards $120,000.

However, it is important to keep in mind that after such a strong rally, there could be a phase of consolidation or a short-term correction. Key support levels to watch are at $99,000 and $94,500. 

Now the question is: Are we at the beginning of a new price discovery phase for Bitcoin? Will we see a breakout to new all-time highs or a pause in the short term?

I look forward to your comments! What is your prediction? $106K, $120K or a correction before the next push? 📈💬