Bitcoin is approaching the level of 100,000$BTC . Will we break the peak or burn under pressure? [Analysis May 4]
Recent technical analysis – BTC/USDT – 09:00 AM Algeria time:
Current price: $95,473
Daily range: $95,468 - $96,497
Strong resistance: $96,000 then $100,000
Immediate support: $93,000 – Major support: $90,000$BTC
What is driving the market?
Institutional demand is rising strongly with big funds entering.
Bitcoin ETFs are injecting billions and reducing supply.
Large investors HODLing = supply decreases + demand increases.
The expected scenario over the coming hours:
> If we break $96,000 firmly + high trading volume, we will see a sharp test of $100K
If the break fails, expect a corrective drop towards $93K or even $90K.
Discussion question (increases interaction):
If you were holding BTC right now…
Would you sell before $100K, or wait for further increase? And why?
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