📊 Bitcoin Market Overview

Current Price: $99,107

24h High / Low: $99,835 / $95,959

Market Cap: Approximately $1.96 trillion

24h Trading Volume: Around $45.19 billion

Circulating Supply: Approximately 19.86 million BTC

🎯 Price Targets & Technical Outlook

Immediate Resistance: $97,895

Short-Term Targets: $100,000 and $107,000, contingent on breaking above immediate resistance

Support Level: $95,000; a drop below this may lead to a retest of $87,441

Analysts suggest that Bitcoin's momentum is supported by strong technical indicators, including a break above the 200-day moving average. On-chain metrics also show increased network activity, with a 20% rise in active BTC addresses, indicating growing user engagement .

📰 Market Sentiment & Developments

ETF Inflows: Significant capital inflows into Bitcoin ETFs, with $500 million reported on May 7, indicate sustained institutional interest .

Whale Activity: Notable purchases by large holders, including a 100 BTC acquisition valued at $9.78 million, reflect bullish sentiment among major investors .

Macro Factors: The Federal Reserve's decision to maintain interest rates has contributed to a favorable environment for risk assets like Bitcoin .

🔮 Long-Term Projections

Looking ahead, various forecasts suggest that Bitcoin could reach between $120,000 and $200,000 by the end of 2025, driven by factors such as ETF flows and supply constraints .$BTC #BinanceLaunchpoolSXT