$BTC

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As of May 2, 2025, Bitcoin (BTC) is trading at approximately $96,646, reflecting a 1.3% increase from the previous close. The cryptocurrency has experienced a significant rebound, rising about 30% from its April lows. This surge is attributed to growing institutional interest, with companies like Strategy (MSTR) planning substantial Bitcoin acquisitions through equity offerings.

Technical analysis indicates bullish momentum, with Bitcoin breaking out from a descending channel and pennant pattern. Key resistance levels are identified at $100,000 and $107,000, while support levels are at $92,000 and $85,000 . Additionally, the expiration of nearly $3 billion in Bitcoin and Ethereum options today could introduce volatility, though the market sentiment remains predominantly bullish.

Looking ahead, forecasts suggest that Bitcoin could reach $112,803 by June 1, 2025, marking a potential 16.3% increase from current levels . This optimistic outlook is supported by increased institutional adoption and favorable market conditions.