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Rosendo Raught
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$BTC
will cross its
ATH
by this week ?
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11 hr(s) left
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Rosendo Raught
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$BTC Today, May 9, 2025, Bitcoin (BTC) is showing impressive growth, surpassing the $100,000 mark and reaching $103,192. 🔹 Key growth factors: Macroeconomic events: Optimism surrounding a new trade agreement between the USA and the UK, as well as potential progress in negotiations with China, has contributed to strengthening investor confidence in Bitcoin. Technical indicators: The Relative Strength Index (RSI) exceeds 70, indicating strong upward momentum, although there may be short-term overbought conditions. Institutional investments: The BlackRock ETF recorded an influx of $69 million in a single day, reflecting growing interest from institutional investors in cryptocurrency. User activity: The Bitcoin network recorded the creation of 344,620 new wallets, indicating a significant influx of new participants into the market. 📈 Technical analysis: Bitcoin has surpassed a key resistance level and is now targeting the following goals: Nearest resistance: $107,000 If the support level at $100,000 holds, it will strengthen the bulls' positions and could lead to further growth.
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#CryptoComeback Market Performance: * The global crypto market capitalization stands at approximately $3.21 trillion, showing a 4.52% increase over the last day. * The total crypto market volume over the last 24 hours is $161.26 billion, a substantial 61.25% increase. * Bitcoin (BTC) has surged, reaching levels above $97,000, and some analysts are eyeing the $98,000 mark and even higher targets like $106,000. * Bitcoin's dominance in the market is around 63.45%. * Ethereum (ETH) is trading around $1,800 and has a market capitalization of over $274 billion. * Other major cryptocurrencies like XRP and BNB are also showing positive movements. * The Crypto Fear & Greed Index is currently at 70, indicating "Greed" in the market sentiment.
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#BTCBackto100K Bitcoin just crossed back above the $100K mark, now trading around $103K. This move seems driven by a mix of global market optimism and big institutional buying. Recent trade agreements like the U.S.-U.K. deal may have added confidence to the market. At the same time, Bitcoin ETFs are seeing strong inflows again, which is often a sign that big players are coming back in. Compared to traditional markets like the S&P 500 or even gold, BTC is showing stronger returns lately. Some analysts now think $120K could be the next target if the momentum continues. Still, after a move this big, a short-term pullback wouldn’t be a surprise. The market looks a bit overheated, so caution might be smart here.
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