Bitcoin is currently trading around $104,000 after rising from $75,000 during April, supported by economic optimism and institutional flows. However, technical indicators such as RSI show bearish divergence, indicating a potential correction soon. Analysts expect a rise towards $120,000 before a possible correction to $60,000. The current momentum is supported by a $30 billion increase in realized value, reflecting investor confidence. However, declining trading volumes and warnings of market overbuying call for caution. The $100,000 level is considered a key support, and breaking it could lead to a deeper decline.