#BTCMarket The Bitcoin market shows an overall positive momentum this Friday, May 3, 2025, with a price hovering around $96,000. After an April that saw the $BTC gain 14%, the start of May maintains a bullish sentiment, with discussions around a potential approach to the previous all-time high (ATH) located around $109,000.
Bitcoin recently surpassed the $96,000 mark, even briefly reaching peaks around $97,000. This surge has helped push the total market capitalization of cryptocurrencies beyond $3 trillion, further strengthening Bitcoin's dominance in the overall market.
From a technical analysis standpoint, several indicators suggest a positive trend. BTC seems to have broken a previous downtrend, resulting in a notable bullish reaction. Key support levels are identified around $90,000, while resistance zones are between $95,000 and $98,000 before aiming for the ATH.
The year 2025 has been mixed so far, with positive months in January and April, offset by declines in February and March. However, the performance in April has reinvigorated the market. Historically, the month of May has often been favorable for Bitcoin, with an average increase of about 20%.
On the news side, MicroStrategy continues to make waves with its massive investment strategy in Bitcoin, showing strong performance and considering new purchases. More anecdotal, it is reported that a publicly traded coal producer is using its surplus energy to mine Bitcoin, illustrating the diversity of players interested in the ecosystem. There is also a growing interest in 'BTCFi', decentralized finance built on the Bitcoin blockchain.
In summary, the Bitcoin market is currently in a phase of optimism, supported by positive technical indicators and a resurgence of institutional and individual interest, although volatility remains an inherent characteristic of this asset. The ability of BTC to surpass the upcoming technical resistances will be crucial to confirm the strength of the bullish trend and potentially revisit its historical peak.
