#BTCBackto100K

Bitcoin Breaks $100K: The Crypto Comeback Tour

Bitcoin has once again breached the $100,000 mark, reaching an intraday high of $101,370—the highest level since early February 2025. This surge is attributed to renewed investor optimism following the announcement of a comprehensive trade agreement between the U.S. and U.K., easing concerns over economic tariffs and regulatory uncertainties. (Business Insider)

Institutional interest has played a significant role in Bitcoin's momentum, with inflows into spot Bitcoin ETFs reaching $5.3 billion in the past three weeks. Analysts suggest that if this bullish trend continues, Bitcoin could potentially reach $120,000 in the near term. (Business Insider)

Technical indicators reveal that Bitcoin recently broke out from a descending channel and pennant pattern, signaling bullish momentum. However, the Relative Strength Index (RSI) suggests strong price action, and lower trading volume raises caution. Critical resistance levels lie at $100,000 and $107,000, while support levels to watch during pullbacks are $92,000 and $85,000.

In summary, Bitcoin's ascent past $100K underscores its resilience and growing appeal as a digital asset. While the market remains volatile, the convergence of institutional interest, favorable macroeconomic conditions, and geopolitical developments suggests a bullish outlook for Bitcoin in the near term.