$BTC As of May 3, 2025, Bitcoin (BTC) is trading at approximately $97,064, reflecting a modest increase of 0.6% over the past 24 hours. The price has fluctuated between an intraday low of $96,263 and a high of $97,838.

This upward movement is attributed to positive developments, such as Morgan Stanley's plans to introduce spot cryptocurrency trading on its E*Trade platform and MicroStrategy's announcement of a $21 billion equity offering to purchase more BTC. These factors have bolstered investor confidence, pushing Bitcoin closer to the psychological milestone of $100,000.

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 noted at $92,000 and $85,000.