#BTCBreaks99K Bitcoin (BTC) has surged past the $99,000 threshold, marking a significant milestone in its 2025 bull run. As of May 8, BTC is trading at approximately $102,540, reflecting a 3.75% increase from the previous day. This rally is fueled by optimism surrounding a new U.S.-U.K. trade agreement and anticipation of the Federal Reserve's interest rate decision.

The recent price movement is also supported by increased institutional interest, with inflows into spot Bitcoin ETFs reaching $5.3 billion in the past three weeks. Technical analysis indicates that Bitcoin is approaching a critical resistance level at $100,000. A successful breakout above this threshold could propel BTC toward $110,500 in the near term.

However, analysts caution that failure to maintain support above $93,000 may result in a pullback to the $85,000–$88,000 range. On-chain data reveals increased activity from dormant wallets, suggesting potential profit-taking that could introduce short-term selling pressure.

In summary, while short-term volatility is expected, Bitcoin's long-term outlook remains positive, supported by institutional adoption and favorable market dynamics.