As of May 3, 2025, Bitcoin ($BTC ) is trading at *96,215*, experiencing a slight decline of *0.3196,215* and *97,838* during today's trading session.

📈 Market Outlook: Bearish Sentiment Prevails

Current technical indicators suggest a "bearish" short-term trend for Bitcoin:

- Relative Strength Index (RSI): At 42.5, indicating neutral to slightly bearish momentum.

- MACD: Negative, pointing to downward momentum.

- Moving Averages: The 50-day and 100-day Simple Moving Averages are trending downward, reinforcing the bearish outlook.

Additionally, macroeconomic factors such as rising U.S. Treasury yields and inflation concerns are contributing to the bearish sentiment in the crypto market. [1]

🔍 Key Support and Resistance Levels

| Level | Price (USD) |

|—————|————-|

| Resistance 1 |97,785 |

| Resistance 2 | 103,544 |

| Resistance 3 |112,945 |

| Support 1 | 81,955 |

| Support 2 |81,211 |

| Support 3 | 80,178 |

A drop below *81,955* could signal further declines, while a break above *97,785* may indicate a potential bullish reversal. [2]

🛠️ Entry Strategy for Traders

Short-Term Traders:

- Entry Point: Consider entering a short position if $BTC falls below *81,955*, targeting the next support levels.

- Stop-Loss: Place a stop-loss above *83,733* to manage risk.

Long-Term Investors:

- Accumulation Zone: Look for opportunities to accumulate BTC between *76,000* and *79,000*, where historical support may provide a strong foundation. [3]

📅 Short-Term Forecast

While the current trend is bearish, some analysts predict a potential rebound in the coming months, with price targets ranging from *101,000* to *$116,000*. However, these projections are contingent on market conditions and should be approached with caution. [4]

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Stock market information for Bitcoin ($BTC

)

- Bitcoin is a crypto in the CRYPTO market.

- The price is 96215.0 USD currently with a change of -301.00 USD (-0.00%) from the previous close.

- The intraday high is 97838.0 USD and the intraday low is 96215.0 USD.