Quick analysis of Bitcoin price today, May 3, 2025:
Current price: $96,408
Change over 24 hours: +0.49%
Important notes:
The price is still generally in an upward trend, but it shows some slight retracement.
There is nearby resistance at 96,873, and if surpassed, we may see a rise towards 97,800 then 99,000.
The nearest support currently is at 96,138, and breaking it may open the door for a drop towards 95,400 then 94,000.
Market momentum is almost balanced between buying and selling, with a slight tilt towards selling.
There are no indicators of market saturation, but the current movement tends to oscillate or temporarily correct.
Summary:
Maintaining the price above 96,000 is considered good for investors.
Short traders prefer to closely monitor support and resistance in the coming hours.
Do you expect Bitcoin to rise to 100,000 soon? Share your opinion!