#squarecreator - Price Predictions for May 2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

$BTC It seems that Bitcoin is ready to reach the $100,000 level again, but will the bears sell at this key level once it is reached?

Bitcoin is trending towards $100,000. Will the bears sell at this level?

Altcoins are trading above their respective support levels, suggesting that an altcoin rally is brewing, resolved in favor of the bulls with a breakout above the $95,000 barrier on May 1. The bulls are trying to push the price towards the psychologically crucial level of $100,000, which could witness a fierce battle between the bulls and the bears.

Veteran trader Peter Brandt expressed optimism when he said in a post on X that Bitcoin could rise to the range of $125,000 to $150,000 by August or September 2025 if it manages to regain its broken parabolic slope. However, Brandt warned that the rally could be followed by a sharp correction of more than 50%.

As Bitcoin approaches the $100,000 mark, the on-chain analysis firm Glassnode warns that long-term holders (LTHs) may be tempted to take profits. The firm indicated in its newsletter that LTHs tend to take profits when their profit margin reaches 350%, and that level will be reached at $99,900. Significant buying pressure is needed to overcome selling and continue the upward movement.

Could Bitcoin surpass $100,000, leading certain altcoins to rise? Let's analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin Price Prediction

Bitcoin's breakout above $95,000 signals an advantage for buyers, but it is unlikely that the bears will give up easily.