#BTCBreaks99K Bitcoin (BTC) has recently surpassed the $99,000 mark, reaching a new milestone in its 2025 bull run. As of May 8, 2025, BTC is trading at approximately $102,870, reflecting a 4% increase over the past 24 hours. 

📈 Key Drivers Behind the Surge

• U.S.-U.K. Trade Agreement: The announcement of a new trade deal between the United States and the United Kingdom has bolstered investor confidence. This agreement is seen as a positive development amid global economic uncertainties.  

• Federal Reserve’s Interest Rate Decision: The Federal Reserve’s decision to maintain steady interest rates has contributed to a favorable environment for risk assets like Bitcoin.

• Institutional Investment: There has been a notable increase in institutional inflows into Bitcoin, with entities like BlackRock expanding their exposure to the cryptocurrency. 

🔍 Market Outlook

Analysts are closely watching the $100,000 level as a critical psychological and technical threshold. If Bitcoin maintains its momentum, some projections suggest a potential rise toward $110,000, especially considering the significant short positions that could be liquidated at higher price points.  

However, caution is advised as the market remains volatile, and profit-taking could lead to short-term pullbacks. Support levels are identified around $92,000, which could serve as a floor in case of a price correction.