GOOD MORNING!!!

Analysis $BTC 02/05/2025

#BTC , we are doing a great job here, today we made 2 good attacks in the $98K region, notice that we reached $97,900.00 and despite activating large sell orders in that area, the price still remains above $97k and today we only need a close above $97,200.00 for a good weekend.

The indicators are still good and leave room for us to go above $98K, but before we call for higher, we need to observe the weekend and of course, the hated Powell on Wednesday of next week, he will be crucial for the continuation next week or not.

This week has been good for Bitcoin, we reached the intended price ($98K) and it seems quite strong from here, as we have $95k as support, notice that large Bulls are already starting to defend this area, as long as the price remains above $96k, more and more Bulls will come to $95K.

This good week for Bitcoin coincides with the good performance of the S&P 500 which has already gone for 9 consecutive days of gains, marking the longest winning streak in over 20 years, it’s a nice record to be broken.

I will be very interested in the price action over the weekend, it is quite likely that I will post more than usual during this.

After today's close, we will know where its probable sideways movement will be, I will update this tomorrow.

I am extremely optimistic about Altcoins!