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Is the #BTC decline an opportunity or a threat? Here’s today’s analysis live from the battlefield – Binance.

Updated technical analysis for Bitcoin (BTC) – May 5, 2025

Current price: BTC is trading at around $94,558, after a decline from a peak close to $98,000

📈 Key resistances:

$98,000: A strong technical resistance, where surpassing it requires a daily close above $95,000 to confirm the upward trend

$100,000: An important psychological barrier, where the price is expected to face strong resistance at this level

📉 Key supports:

$92,000: An initial support that should be monitored during declines

$90,000: A critical support level, where the 100 and 200-day moving averages intersect, making it a significant area of interest

📈 Technical indicators:

RSI: Stands at 68, indicating that the market is approaching the overbought territory, but there is still room for growth

MACD: Shows a bullish crossover on the daily chart, supporting the likelihood of the upward trend continuing

Trading volume: The volume has seen a