Bitcoin (BTC) Analysis
📅 Date: May 5, 2025
Movement and Trend:
Bitcoin (BTC) has experienced a slight decrease of 1.94% in the last 24 hours, standing at $94,833 USD.
Despite this correction, inflows into Bitcoin ETFs have reached $674.9 million, reflecting continued institutional interest.
Technical Indicators:
Support: $90,000 USD
Resistance: $98,000 USD
Trading Volume: Decrease of 12% compared to the previous day, which could indicate a pause in market activity.
Prediction:
If BTC manages to stay above the support of $90,000 USD and surpass the resistance of $98,000 USD, we could anticipate a move towards $100,000 USD.
However, a drop below the support could push the price down to $85,000 USD.
It is essential to monitor these levels and consider the influence of macroeconomic factors on market behavior.
