$BTC Bitcoin is currently trading around $101,000-$103,000 as of May 9, 2025, having broken past the $98,000 resistance and the $100,000 psychological level. This surge is fueled by strong market momentum, evident in Bitcoin's realized cap nearing $900B, indicating substantial capital inflow.

Optimism surrounding potentially crypto-friendly policies under a Trump administration and continuous inflows into spot Bitcoin ETFs are also significant drivers. Technically, having breached $100K, analysts suggest targets in the $120K-$138K range by mid-2025, with Fibonacci extensions pointing even higher if momentum sustains.

However, volatility remains a key risk. Profit-taking after the recent surge, high leverage in the market, or unexpected macroeconomic shifts could trigger pullbacks. Support levels to watch are around $100,500 and $99,800.

Overall sentiment on X is bullish, with many anticipating further gains. While a direct path isn't guaranteed, the current environment suggests a positive outlook for Bitcoin in the near term, contingent on maintaining momentum and navigating potential volatility.

My play is HODLing, having accumulated before this recent surge, while closely monitoring price action around these key levels for any signs of significant reversal.