#BTCBackto100K Bitcoin (BTC) has recently surged past the $100,000 mark, trading around $102,461 as of May 9, 2025. This rally reflects a significant rebound from its April lows, driven by a combination of technical breakouts, macroeconomic optimism, and institutional interest.

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📊 Technical Overview

Current Price: Approximately $102,461

Resistance Levels: $106,500 to $107,000; a breakout above these could target $120,000

Support Levels: $100,000 (psychological support), followed by $95,000 and $92,000

Indicators: The Relative Strength Index (RSI) is above 70, indicating overbought conditions and potential for short-term pullbacks .

Despite the bullish momentum, some caution is warranted. Trading volumes on platforms like Coinbase have declined, suggesting that major market players might be participating cautiously .