03 May 2025,
Bitcoin is currently trading at around $96,286, showing a slight dip of approximately 0.56% from the previous close. Today's trading range has been between $96,284 and $97,838.
Despite this minor pullback, $BTC BTC has been on an upward trajectory, gaining over 63% compared to the same time last year.
A significant development today is BlackRock's Bitcoin ETF recording a substantial daily inflow of $674.9 million, indicating strong institutional interest.
From a technical perspective, $BTC BTC has recently broken out from a descending channel and pennant pattern, signaling bullish momentum. Key resistance levels to watch are at $100,000 and $107,000, while support levels lie at $92,000 and $85,000.
In summary, while there's a slight dip today, the overall trend remains bullish, supported by strong institutional inflows and positive technical indicators. $ETH
