On May 8, 2025, Bitcoin surpassed the psychological $100,000 mark for the third time in its history, reaching a local high of $104,145. This surge has become a significant signal for the crypto market: the upward trend is gaining momentum, and investor and trader interest continues to grow.
Why Is This Important?
The $100,000 level has long been seen as a key milestone for Bitcoin — both psychologically and in terms of technical analysis. Breaking through it opens the door to new price targets and could trigger a powerful bull rally, especially amid growing institutional interest and a generally positive outlook in the crypto space.
What Are Analysts Saying?
According to well-known crypto analyst Rekt Capital, the market is currently at a critical turning point:
• “The correction is over”
• “Bitcoin has returned to the upper boundary of its previous reaccumulation zone at around $104,500”
This could indicate that a new growth phase is beginning, and $100K may now act as a support level.
Keith Alan, co-founder of the analytics platform Material Indicators, also shared his view:
“It was nice to wake up and see BTC in this range. But in my opinion, a pullback to $98,000 to test support would be more constructive. That would confirm the strength of the trend before moving higher,” he wrote on social media platform X.
What’s Driving Bitcoin’s Price?
Experts point to several key factors behind BTC’s recent surge:
• Increased demand from institutional investors
• Optimism following a new trade agreement between the US and the UK
• Massive liquidations of short positions — over $800 million in a single day
• Improved overall market sentiment: the Fear & Greed Index is at 70 — in the “greed” zone
Bitcoin Surpasses Amazon
As the price surged, Bitcoin also overtook Amazon in market capitalization, becoming the fifth-largest asset in the world. Its market cap surpassed $2 trillion, showing strong investor confidence in the future of digital gold.
Conclusion:
Bitcoin is confidently climbing again, breaking key levels and strengthening its position in the global market. If the trend continues, we could witness a new historic breakout.
Stay tuned for the latest crypto news and market analysis — and stay one step ahead.
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