The Future Trend of Bitcoin Price: $BTC

Short-term Trend

The price of Bitcoin is currently showing strong upward momentum. As of May 3rd, the price is fluctuating above $96,000, having clearly broken through recent resistance levels on the daily chart, and is firmly above key moving averages. The MACD indicator shows strong bullish signals. From the perspective of market catalysts, the funding rate has turned negative, which usually indicates a potential bullish reversal; the number of wallet addresses holding more than 0.1 BTC has increased, indicating that small investors are actively accumulating; the open interest in CME Bitcoin futures has surged, showing rising interest from institutional investors; the trading volume has skyrocketed, and the amount of short position liquidations has increased, further proving that market sentiment has turned bullish. If the price effectively stabilizes at the support level of $96,500, it is expected to look towards $98,500 or even challenge the significant psychological level of $100,000. However, approaching the $98,000 level may create short-term resistance, and trading volume during the weekend may be lower, which could lead to increased price volatility.

Mid-term Trend

According to CryptoQuant analyst Axel Adler Jr., there are three possible trends. In an optimistic scenario, if the relevant indicators break above 1.0 and hold, the price of Bitcoin could rise to between $150,000 and $175,000; in a baseline scenario, the indicators fluctuate between 0.8 and 1.0, and the price will hover between $90,000 and $110,000; in a pessimistic scenario, if the indicators drop below 0.75, short-term holders may sell, and the price of Bitcoin could retreat to between $70,000 and $85,000. Considering the current technical indicators and market sentiment, the likelihood of the first two scenarios occurring is relatively high.

Long-term Trend

Some Wall Street analysts predict that due to potential policy support from Trump and expectations of an improved regulatory environment in the U.S., the price of Bitcoin is forecasted to be between $80,000 and $200,000 by 2025, with some viewpoints even bullish up to $250,000. However, in the long term, the price of Bitcoin is influenced by numerous uncertain factors, such as the global macroeconomic situation and changes in regulatory policies of various countries, making its trend highly uncertain.