#BTCBackto100K Here is a summary of the main news in trading and financial markets up to this morning, Friday, May 9, 2025

🏦 Arab markets: Notable developments in Morocco

Gulf: Most markets declined due to falling oil prices

The Egyptian stock market: Mixed performance and positive forecasts

📈 Current performance: Bitcoin surpasses $100,000

🔍 Technical analysis: The Relative Strength Index (RSI) reaches an overbought state, indicating a short-term correction

Technical indicators:

🏦 Fundamental factors: Institutional flows and favorable regulations

Institutional flows: $BTC funds have experienced cash flows amounting to $5.5 billion over the last three weeks

Government regulations: The state of Arizona and New Hampshire have enacted laws allowing the retention of reserves in Bitcoin $BTC

This reinforces confidence in the first digital currency

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🔮 Future forecasts: Around $120,000 and possibly more in the spring of 2025

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