$BTC

As of today, May 9, 2025, is trading at approximately $103,000USD, with a 24-hour trading volume of about $33.8 billion.

Intraday Range: Roughly $100,200 (low) to $104,000 (high) after a 3% surge that liquidated nearly $400 million in short bets.

Market Cap Estimate: ≈ $2.04 trillion (19.7 M BTC circulating)

🔍 Technical & Sentiment Snapshot

Key Support: $100,000 — a break below here could test $98,000.

Key Resistance: $105,000–$108,000 — clearing that zone paves the way toward $110K–$115K.

Momentum: Short-liquidations fuel bullish pressure; on-chain data show institutional inflows remain robust.

Sentiment Gauge: With BTC above six-figures and ETF inflows setting new records, market sentiment is firmly bullish but nearing overbought thresholds.

📈 Short-Term Outlook (Next 1–3 Days)

Bull Case: Holding above $100K supports a run at $108K–$110K, potentially driven by continued U.K. trade-deal optimism and ETF demand.

Bear Case: A failure to defend $100K risks a swift pullback to $96K–$98K, where buyers have historically stepped in.

🔮 Medium-Term Expectations (Through H2 2025)

Bullish Targets: Many analysts now eye $130K by mid-2025, with year-end forecasts ranging from $150K to $200K—anchored by halving-driven supply cuts and mounting institutional adoption.

Risks: A shift in Fed policy or regulatory headwinds could trigger volatility, testing supports down toward $85K–$90K.

It sits well above its six-figure anchor, with near-term momentum favouring further upside toward $110K. Watch the $100K support zone closely—its defensewill likely dictate whether BTC can sustain this rally or undergo a corrective pullback.