$BTC Bitcoin (BTC) is hovering around $68,000 today, May 4, 2025, after a choppy week. Posts on X show mixed sentiment: some traders eye a breakout above $70,000, citing strong institutional buying and ETF inflows, while others warn of a potential dip to $65,000 due to profit-taking. On-chain data reveals high whale activity, with large transfers to exchanges sparking speculation. Miners are holding steady post-halving, though hash rate dipped slightly. Macro factors like U.S. inflation fears and dollar strength are pressuring BTC, but its resilience is notable. Technicals suggest a tight range, with RSI neutral at 55. Long-term, adoption grows—El Salvador’s BTC wallet now holds over 5,700 coins. Short-term volatility looms, but HODLers remain unfazed, betting on a bullish Q2.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.