Bitcoin is surging towards its long-awaited milestone of $100,000, with a peak of $99,381.20 before settling near $98,868.60 on May 8, 2025. This surge reflects a marked shift in investor sentiment and heightened trading activity, driven by the crypto market’s recent recovery after dipping below $94,000. Crypto analysts are optimistic, with some predicting Bitcoin may break through the $100,000 mark within the next two weeks. Michael van de Poppe, a well-known crypto analyst, believes this recent rally signifies a potential bottom for Bitcoin and anticipates it could soon surge past $100,000. 294 million dollars in cryptocurrency has been liquidated in the last week alone as market volatility has surged. The current market environment exhibits a mix of bullish trends and caution as Bitcoin navigates critical resistance levels. Key analysts are monitoring these developments closely, particularly as traders anticipate profit-taking activities that could impact market stability. The recent surge in Bitcoin’s value is being fueled by strong interest from institutional investors, with billions flowing into exchange-traded funds (ETFs). Historical data suggests a potential pullback around significant psychological levels. Investor sentiment plays a pivotal role in this dynamic market, which may further solidify Bitcoin’s position within the cryptocurrency landscape.