May 2, 2025

Bitcoin Weekly Forecast: BTC Looks Set to Return to $100,000 After Posting Its Fourth Consecutive Week of Gains

The price of Bitcoin hovers around $97,000 on Friday after a decisive breakout the day before, as markets celebrate the easing of trade tensions.

Arizona passes a bill allowing the state treasurer and pension system to invest up to 10% of available funds in digital assets, specifically Bitcoin.

Spot Bitcoin ETFs in the U.S. recorded a total inflow of $1.13 billion by Thursday, continuing their three-week streak of inflows.

Corporate demand for BTC strengthens as Metaplanet issues interest bonds worth $24.7 million and Microstrategy raises another $21 billion to buy BTC.

The price of Bitcoin (BTC) is hovering around $97,000 at the time of writing this article on Friday, following a decisive breakout above its key resistance level the day before, and appears poised to record a fourth consecutive week of gains.

The price of Bitcoin remained strong this week as markets remained tense over any potential progress in trade talks between the U.S. administration and the country's major trading partners, particularly China. Friday's news that China is considering the possibility of trade talks with the U.S. supported riskier markets like crypto.

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