🚀 Bitcoin Nears $100K: 3 Reasons a New All-Time High Is Within Reach🚀
Bitcoin (BTC) is trading around $96,300 as of May 4, 2025, just shy of its all-time high of $108,786 set earlier this year. Analysts are increasingly bullish, citing three key factors driving momentum toward a potential breakout.
📉 Bitcoin Supply Falls
The supply of Bitcoin on centralized exchanges has dropped to approximately 2.5 million BTC—the lowest level since 2019. This 16% decline in 2025 alone suggests that investors are moving their holdings to cold storage, signaling long-term confidence and reducing available liquidity for trading .
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🏦 Institutional Demand Surges
Institutional interest is accelerating. Firms like MicroStrategy have significantly increased their Bitcoin holdings, with MicroStrategy now owning over 553,000 BTC valued at nearly $38 billion . Additionally, sovereign wealth funds and pension funds are reportedly increasing their exposure to Bitcoin, potentially outpacing retail investors .
📊 Technical Analysis
Bitcoin recently broke out of a descending channel and pennant pattern, indicating bullish momentum. Key resistance levels are at $100,000 and $107,000, while support levels to watch are $92,000 and $85,000 . Analysts suggest that maintaining prices above $91,600 could validate a bullish scenario with targets up to $109,354 .
With decreasing supply, increasing institutional demand, and positive technical indicators, Bitcoin appears poised for a new all-time high. Stay informed and consider these factors in your investment decisions.