Bitcoin Levels – May 8, 2025: Approaching the $100K Milestone
As of May 8, 2025, Bitcoin (BTC) is trading around $99,264, reflecting a 2.15% intraday gain.
Resistance Levels:
$98,000: A significant resistance point; a breakout above this level could catalyze a move toward the psychological milestone of $100,000.
$100,000: A critical psychological and technical barrier; sustained trading above this level may indicate a bullish continuation.
Support Levels:
$95,000: Identified as a critical support level; maintaining above this could sustain bullish momentum.
$92,000: Serves as a key support zone; a drop below may indicate increased bearish pressure.
Analysts suggest that if Bitcoin maintains its current momentum and breaks above the $100,000 resistance, it could pave the way for further gains. However, traders should remain cautious and monitor these key levels closely to inform their strategies.
