$BTC

Bitcoin as of May 8, 2025:

1. Key Indicators

• Current Price: $98,978.75

• 24-hour Trading Volume: $45.33 billion

• Market Capitalization: $1,965.89 billion

• Circulating Supply: 19,860,621 BTC

• Maximum Supply: 21,000,000 BTC

2. Price Dynamics

• High of the Day: $99,222.22

• Low of the Day: $97,731.00

• Change in 24 Hours: +2.58%

3. Forecast and Analytics

Bitcoin continues to show positive dynamics, approaching the psychological level of $100,000. Growth is supported by institutional interest and positive news from the market.

4. Standard Chartered Forecast

Standard Chartered analyst, Jeffrey Kendrick, revised his previous Bitcoin price forecast for the second quarter of 2025, acknowledging that the initial forecast of $120,000 was too conservative.

5. Technical Analysis

• MACD: Shows increasing momentum, indicating the strength of the bullish trend.

• RSI: Exceeds 70, which may indicate overbought conditions, but also confirms the strength of the current trend.

• Support Levels: $97,500 and $95,000.

• Resistance Levels: $100,000 and $102,000.

Overall, technical indicators suggest the continuation of the bullish trend with potential to reach new highs.