As of May 3, 2025, Bitcoin (BTC) is trading at approximately $96,060. Over the past 24 hours, the price has fluctuated between $96,046 and $97,838
Technical Analysis:
Moving Averages: The 50-day and 200-day moving averages are both sloping upward, indicating a strong bullish trend. Binance
Relative Strength Index (RSI): The RSI is approaching overbought territory, suggesting potential for a short-term pullback.
Support and Resistance Levels: Key support is identified around $95,757, with resistance near $97,400. Traders Union+19Economies.com+19CCN.com+19
Market Sentiment:
The Fear & Greed Index is at 67, indicating a "Greed" sentiment among investors. changelly.com+1CoinCodex+1
Outlook for the Next 24 Hours:
While the overall trend remains bullish, the approaching overbought conditions and potential resistance levels suggest that Bitcoin may experience a short-term pullback or consolidation. However, if the price maintains above the $95,757 support, a continuation of the upward trend is possible.
