1. Market Sentiment – News, social media, and political developments (e.g., Trump’s crypto activity).
2. Technical Analysis – Chart patterns, moving averages, RSI, MACD, etc.
3. On-chain Data – Wallet activity, exchange inflows/outflows, miner behavior.
4. Macroeconomic Trends – Inflation rates, interest rates, stock market trends.
5. Halving Events – Historically trigger bullish runs.
Current Status (May 8, 2025):
BTC Price: ~$97,000
Sentiment: Bullish (driven by U.S. policies, memecoin mania, and investor inflows)
Key Resistance: $100,000
Short-term Prediction: If BTC breaks $100K with volume, the next leg could aim for $110K–$120K.
Downside Risk: If rejected, a pullback to $85K–$90K could happen before continuation.
