$BTC $BTC is currently trading above $103,000, showing strong momentum amid renewed optimism in global markets. This rally is driven by a combination of macroeconomic factors, including easing geopolitical tensions and a softer U.S. inflation print, which has increased the likelihood of future Federal Reserve rate cuts. Lower interest rates typically boost demand for risk assets like Bitcoin, and the market is responding accordingly.

From a technical perspective, Bitcoin has broken through key resistance levels, with strong volume support and bullish indicators suggesting further upside potential. The next major resistance sits near $105,700, while $100,000 now acts as a crucial psychological and technical support.

Investor sentiment is largely positive, buoyed by increased institutional interest and on-chain activity. However, some analysts remain cautious due to seasonal trends and potential market corrections. Still, with solid fundamentals and growing adoption, BTC’s long-term outlook remains bullish as it pushes closer to retesting its all-time high levels.