$BTC 📊 Technical Analysis BTCUSDT (May 8, 2025)

Current Price: $101,138.4

Daily Variation: +5.56%

Volume 24h: 278,207 BTC (~27.63B USDT)

📈 Trend:

Strong bullish momentum confirmed. Today's candle broke through the previous resistance at $97,000 and closed above the previous high of $97,865.

🟢 Indicators:

RSI(6): 83.2 → overbought zone, but still no bearish divergences.

MACD: Bullish crossover with rising histograms.

EMAs: All aligned upwards (EMA 9 > EMA 21 > EMA 50 > EMA 200).

🧱 Supports:

$97,000 (previous resistance turned into support).

$93,600 (EMA 21).

$90,400 (EMA 50).

📌 Resistances:

$101,686 (high of the day).

$103,000 (key psychological zone).

$105,000 (technical zone projected by Fibonacci extension).

💡 In summary 👇

🚨 Bitcoin breaks $100K and accelerates the bullish rally! 🚀

The price of BTCUSDT in Binance futures strongly exceeded $101,000, breaking key resistances and firmly entering overbought territory.

How far will this bullish explosion reach? 📈

With all moving averages aligned upwards and the RSI touching 83 points, we could see an extension towards $103K or even $105K if the volume holds. 💥

Are you in the movement? 📲

Leave us a 🔥 if you think this continues and a 🧊 if you are waiting for a correction.

⚠️ WARNING ⚠️

📌 This is a personal and subjective analysis by Crypto Analyst, not advice, and under no circumstances should it be taken as a signal to trade.

💡 Remember that the cryptocurrency market is very volatile and unpredictable, so trade cautiously and at your own risk.

🔎 Do your own research! (DYOR)