A Brief Summary of BTC's Current Market Dynamics and Future Price Trajectory
Current Price: As of May 4, 2025, the price of Bitcoin is $95,794, down 0.25% in the last 24 hours, but up 1.84% and 15.55% in the last 7 days and 30 days respectively, indicating a bullish trend.
Market Sentiment: The Bitcoin Index score reaches 80, the highest since January 30, 2025, indicating increased market confidence.
Key Price Levels:
Resistance Levels: $99,000 and $104,500.
Support Level: $93,500.
Short-term Volatility:
Bitcoin may drop to the key support level of $93,500, which is a testing point for the bullish trend.
If this support can be held, BTC may rebound and break through the resistance area of $97,000 to $99,000.
Mid-term Targets:
After breaking through $99,000, BTC may face resistance at $104,500, with a short-term pullback seeking support in the $97,000 to $99,000 range.
Long-term Bullish:
After forming an ascending price channel, Bitcoin may initiate a new round of increase from the support level of $97,000 to $99,000, breaking through $109,000 and setting new historical highs, entering the price discovery phase.
Historical Basis
In the fourth quarter of 2024, Bitcoin experienced a similar price pattern, achieving an 80% price increase after breaking resistance. This historical performance supports the prediction: if BTC holds the key support and breaks resistance, it may repeat similar gains.
Macroeconomic Environment: Unless a significant negative macroeconomic event occurs, Bitcoin's bullish recovery seems to have a solid foundation.
Conclusion
Bitcoin is currently in a bullish recovery phase and may fluctuate between $93,500 and $99,000 in the short term. If it can break through $99,000 and hold key support, BTC is expected to rise further in 2025, with potential targets of $109,000 or higher. Investors should closely monitor the support at $93,500 and resistance at $99,000 while keeping an eye on the impact of macroeconomic changes on the market.
#BTC
Current Price: As of May 4, 2025, the price of Bitcoin is $95,794, down 0.25% in the last 24 hours, but up 1.84% and 15.55% in the last 7 days and 30 days respectively, indicating a bullish trend.
Market Sentiment: The Bitcoin Index score reaches 80, the highest since January 30, 2025, indicating increased market confidence.
Key Price Levels:
Resistance Levels: $99,000 and $104,500.
Support Level: $93,500.
Short-term Volatility:
Bitcoin may drop to the key support level of $93,500, which is a testing point for the bullish trend.
If this support can be held, BTC may rebound and break through the resistance area of $97,000 to $99,000.
Mid-term Targets:
After breaking through $99,000, BTC may face resistance at $104,500, with a short-term pullback seeking support in the $97,000 to $99,000 range.
Long-term Bullish:
After forming an ascending price channel, Bitcoin may initiate a new round of increase from the support level of $97,000 to $99,000, breaking through $109,000 and setting new historical highs, entering the price discovery phase.
Historical Basis
In the fourth quarter of 2024, Bitcoin experienced a similar price pattern, achieving an 80% price increase after breaking resistance. This historical performance supports the prediction: if BTC holds the key support and breaks resistance, it may repeat similar gains.
Macroeconomic Environment: Unless a significant negative macroeconomic event occurs, Bitcoin's bullish recovery seems to have a solid foundation.
Conclusion
Bitcoin is currently in a bullish recovery phase and may fluctuate between $93,500 and $99,000 in the short term. If it can break through $99,000 and hold key support, BTC is expected to rise further in 2025, with potential targets of $109,000 or higher. Investors should closely monitor the support at $93,500 and resistance at $99,000 while keeping an eye on the impact of macroeconomic changes on the market.
#BTC
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BTC
95,874.74
-0.57%