#BTCBackto100K Bitcoin (BTC) has reclaimed the $100,000 milestone for the first time since February 2025, surging to an intraday high of $101,370. This rally is fueled by positive market sentiment following a U.S.-U.K. trade agreement and optimism surrounding upcoming trade talks with China. Bitcoin has rebounded nearly 40% from its April low, trading at around $102,700, and is up 10% year-to-date.

Technical indicators suggest bullish momentum, with the relative strength index (RSI) above 70, indicating possible short-term overbought conditions. Analysts point to potential resistance near $107,000 and a projected upside target around $120,000 if the rally continues. Conversely, if the $100,000 level fails to hold during profit-taking, prices could retrace to around $92,000, where significant technical support lies.

Institutional interest has played a significant role in Bitcoin's momentum, with inflows into spot Bitcoin ETFs reaching $5.3 billion in the past three weeks. States such as New Hampshire and Arizona have also introduced crypto reserves, although analysts believe Wall Street’s demand is the more powerful driver.

Standard Chartered's Head of Digital Assets, Geoffrey Kendrick, has revised his bullish Bitcoin forecast, suggesting that the previous $120,000 target may be too conservative given the current market dynamics.

As Bitcoin continues to demonstrate resilience and attract institutional investment, the path toward new all-time highs appears increasingly plausible, provided that key support levels are maintained and macroeconomic conditions remain favorable.