$BTC

As of May 3, 2025, here's the latest technical analysis of Bitcoin (BTC):

Bitcoin is a crypto in the CRYPTO market.

The price is 96327.0 USD currently with a change of -396.00 USD (-0.00%) from the previous close.

The intraday high is 97838.0 USD and the intraday low is 96284.0 USD.

📊 Technical Indicators

Relative Strength Index (RSI): Currently at 62, indicating bullish momentum without being overbought.

Moving Averages:

50-day MA: Approximately $66,200, acting as immediate support.

200-day MA: Around $62,500, reinforcing the long-term uptrend.

Volume: 24-hour trading volume has increased by 18%, suggesting heightened market interest.

📈 Support and Resistance Levels

Immediate Support: $65,000

Key Resistance: $100,000

Next Resistance: $107,000

🧠 Market Sentiment

Institutional interest remains strong, with significant inflows into Bitcoin ETFs, notably a $674.9 million inflow into BlackRock's ETF on May 3, 2025. On-chain data indicates a 5.7% increase in wallets holding over 1 BTC, suggesting accumulation by larger investors.

🔮 Analyst Predictions

Standard Chartered: Projects BTC reaching $150,000 by the end of 2025.

Fundstrat Global Advisors: Foresees a target of $180,000 within the same timeframe.

Summary: Bitcoin is exhibiting strong bullish momentum, supported by technical indicators and institutional interest. While short-term resistance at $100,000 may pose a challenge, the overall trend suggests potential for further gains.

Note: Cryptocurrency investments are subject to market risks. Always conduct your own research or consult with a financial advisor before making investment decisions.