$BTC
On Friday, May 2, 2025, Bitcoin (BTC) continues to attract the attention of investors, as it witnesses notable market movements and exciting future predictions.
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🔹 Current Price and Performance
Bitcoin's price today is around $96,700, up by 1.7% in the last 24 hours, with a market cap of approximately $1.92 trillion.
🔹 Technical Analysis and Critical Levels
Technical analysis shows that Bitcoin faces strong resistance at the $97,000 level, with focus shifting to the $100,000 barrier as a critical stage. Analysts indicate that breaking through this level could open the door to achieving new historical peaks.
🔹 Market Influencing Factors
Institutional Demand: U.S. ETF funds have seen net inflows of $2.68 billion up to Thursday, reflecting increased interest from institutions.
U.S. Employment Data: Investors expect the release of the Non-Farm Payrolls (NFP) report today, with expectations of adding 130,000 jobs in April, compared to 228,000 in March. This data could impact Bitcoin's movements, especially amid global economic tensions.
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🔹 Future Predictions
Some analysts expect Bitcoin's price to reach $140,000, driven by positive technical signals such as moving average crossovers. Meanwhile, others believe the price could range between $125,000 and $150,000 if certain conditions are met.