Bitcoin's price surged to 102,495.03, with a 3.16% increase in the last 24 hours. This growth follows a significant milestone, where Bitcoin breached the 100,000 mark for the first time since January 2025, driven by positive macroeconomic signals and a landmark US-UK trade agreement.
Factors Driving Growth
Several factors contribute to Bitcoin's recent growth:
- *US-UK Trade Deal*: A breakthrough trade deal between the US and UK has boosted investor confidence.
- *Federal Reserve's Interest Rate Decision*: The Federal Reserve's decision to hold interest rates steady has given a fair boost to Bitcoin.
- *Arizona's Crypto Reserve Law*: Arizona's approval of a crypto reserve law has also contributed to the positive sentiment.
Market Predictions
Analysts predict Bitcoin's price could reach new highs, with potential targets at 103,500 and 109,000. However, some caution that the market may face resistance around 100,000 .
Key Resistance Levels
- *Immediate Resistance*: 99,700-100,000
- *Near-Term Support*: 97,700, 96,000, and 94,500
Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. These predictions and resistance levels are based on current market trends and may change quickly.