$BTC As of May 3, 2025, Bitcoin (BTC) is navigating a pivotal phase, trading near $96,400 , with mixed short-term movements including a minor 0.3% dip and a bullish surge past $96,000 resistance levels . Technical indicators highlight a breakout from a falling wedge pattern, supported by the Ichimoku Cloud, signaling potential upward momentum . However, the Relative Strength Index (RSI) at 71 suggests overbought conditions , urging caution. Institutional demand and Bitcoin ETF inflows continue to drive optimism, with the CryptoQuant Bull Score Index surging to 80, reflecting strong bullish sentiment . Analysts eye the $100,000 psychological barrier as a key target, bolstered by macroeconomic factors like inflation hedging and improved mining efficiency . Market dominance remains high at 63.3% , underscoring BTC’s resilience amid broader crypto volatility.