Bitcoin $BTC just exploded past $97,400 after a fierce $3,500 rebound, shaking off a May 5 slump and reigniting bullish momentum. Now trading at $97,283, $BTC commands 33% of the market with over $24B in daily volume. Resistance looms at $97.8K and $98K, but bulls are charging as over $40M in shorts were liquidated in the last 4 hours alone.
RSI is flirting with 66—suggesting accumulation, not frenzy. ADX at 30 confirms a growing trend. With ETF inflows rising and companies eyeing BTC for balance sheets, analysts like Greg Magadini hint: $100K may be closer than we think. Michael Saylor’s MSTR is planning to double down—$84B worth of $BTC on the radar.
Market cap now: $2.98T | $BTC 24h change: +2% | Week: +2.8%
Final Verdict: Bitcoin's back, with eyes locked on $100K.
