$BTC

As of May 9, 2025, Bitcoin (BTC) is trading on Binance at approximately $103,162, reflecting a 4.2% increase over the past 24 hours.

📈 Market Overview

• 24h High: $103,513

• 24h Low: $98,972

• 24h Trading Volume: Approximately $65.9 billion

• Market Capitalization: $2.05 trillion 

🔍 Key Developments

• New Wallets Surge: Over 344,620 new Bitcoin wallets were created recently, indicating a significant influx of new participants as FOMO (Fear of Missing Out) intensifies. This surge in wallet activity coincides with Bitcoin reaching a new high of $103.8K, the strongest level since January. 

• Institutional Activity: A wallet linked to former President Donald Trump reportedly acquired 9.7 BTC at $103,092 per coin, totaling approximately $1 million. This substantial accumulation indicates heightened interest from large players, potentially signaling bullish sentiment for Bitcoin. 

• Technical Breakout: Analysts like Crypto Rover note that Bitcoin is breaking through resistance aggressively, indicating a surge in bullish momentum that could signal new trading opportunities. This breakout above resistance levels is a key technical signal often associated with increased buying pressure and potential trend continuation. 

📊 Technical Indicators

• Relative Strength Index (RSI): Currently, there is no bearish or bullish divergence within the last 14 candles, which is no signal for price reversal from current areas. 

• Price Prediction: Based on technical analysis, Bitcoin’s value is projected to increase by 5%, potentially reaching $103,136.85 by the end of this week.