#BTCBackto100K
Latest BTC Price Update:
Current Price: ~102,975 USD
Daily High: ~103,978 USD
Daily Low: ~99,239 USD
24-Hour Change: +3.18%
Market Capitalization: ~2.044 trillion USD
24h Trading Volume: ~71.94 billion USD
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🔍 Main Reasons Driving the Increase:
Strong institutional inflow: The Bitcoin ETF recorded an inflow of over 117 million USD just on May 8, indicating increasing interest from institutional investors.
Positive market sentiment: Investors are optimistic about Bitcoin's outlook, especially after surpassing the psychological threshold of 100,000 USD.
Buying activity from "whales": Data shows that large investors are actively buying in, supporting the price increase.
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📊 Technical Analysis:
Next Resistance: ~105,000 USD
Nearest Support: ~100,000 USD
RSI Indicator: Approaching overbought territory, but there are no clear signs of a reversal yet.
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🔮 Short-term Forecast:
If the upward trend continues and surpasses the resistance level of 105,000 USD, BTC may head towards a new all-time high. However, investors should be cautious of the possibility of a short-term correction after the strong rally.
