$BTC
$BTC Dear Investors and Traders, Trend of Bitcoin for both short term and long term is bullish. Today, Saturday, May 3, 2025, Bitcoin is showing interesting trends and news. There’s a sense of bullish momentum as Bitcoin has recovered after a recent dip and is approaching the psychological resistence level of $100000 with next target of 104000 as it has been predicted since last week.Reportedly some analysts point to a “coiling pattern in Bitcoin’s price chart which historically suggests significant volatility and potential breakout moves are ahead.Overall market sentiment appears bullish as Bitcoin has claimed bullish control after breaking through the $95000/- resistence but now $ 100000 level is considered a critical resistence and decisive break above it could lead to a strong rally towards the all time high.Institutional interest continues to be a significant driver as there has been significant increase in buying of crypto ETFs. But there is also seasonal concern despite recent gain as traders and investors are cautious due to the “ Sell in May and go away” adage reflecting a seasonal trend of weaker market performance from may through October. But sentiment indicators is pointing overall bullish sentiment as of now.Therefore you may be on long side till it has dipped below 89061 once again on closing basis.For today Resistence is 98034 and Support is 96511 respectively.Thanks
