$BTC

Bitcoin Trend and Analysis: Next 24 Hours (May 3–4, 2025)

As of May 3, 2025, Bitcoin (BTC) is trading around $96,471, reflecting a slight 0.72% drop over the past 24 hours. This movement comes amid mixed signals across the broader crypto market, suggesting potential volatility ahead.

Technical Summary:

Relative Strength Index (RSI): Currently at 42.5, the RSI places Bitcoin in a neutral zone but leaning slightly bearish. Values below 50 generally point to weakening buying strength, though they are not yet in oversold territory.

MACD (Moving Average Convergence Divergence): The MACD reads -2,726, which reinforces the bearish outlook. A negative MACD indicates that short-term momentum lags behind long-term momentum, a common sell signal for traders.

Support and Resistance Levels: Bitcoin has key support around $85,000. If it stays above this level, it could stabilize and attempt a rebound. On the other hand, the $90,000 mark acts as immediate resistance; breaking above it could trigger a bullish run, potentially pushing BTC toward the $100,000 psychological barrier.

Market Sentiment:

Analysts currently maintain a cautiously optimistic view. While the market isn’t showing signs of panic, Bitcoin’s repeated failure to break above $90,000 has created short-term bearish pressure. Still, as long as the price holds above $85,000, there’s room for recovery or sideways movement.

Beyond technicals, macroeconomic factors, institutional sentiment, and upcoming regulatory news will likely influence Bitcoin’s short-term direction. Traders should closely follow global news and any major events that might spark sudden price shifts.

Next 24-Hour Outlook:

Based on the current setup, Bitcoin has two main scenarios:

It could retest the $85,000 support level. A break below this might lead to further declines.

Alternatively, it could push back toward $90,000. A strong breakout above this resistance, backed by high trading volume, could set the stage for renewed bullish momentum.