๐ **Bitcoin Market Update โ May 9, 2025** ๐
Bitcoin is making waves today as it **flirts with the $100K mark**, currently trading around **$98,950** after briefly touching **$99,421** yesterday Price Prediction for May 9: Can Bulls Hold the $99K Breakout?](https://coinedition.com/bitcoin-btc-price-prediction-for-may-9-2025/). This surge marks its highest level since March, fueled by a breakout from a two-day bull flag formation.
๐ **Key Levels to Watch:**
- **Support:** $97,600 โ Holding above this level could reinforce bullish momentum.
- **Resistance:** $99,700โ$100,000 โ A decisive break above this zone could pave the way for a push toward **$103,500 and beyond**.
๐ **Market Sentiment:**
Momentum indicators remain **bullish**, with RSI hovering near **68.21**, signaling strong buying pressure. The MACD also shows **upside momentum**, while Bollinger Bands indicate increased volatility.
๐ก **Whatโs Next?**
If Bitcoin secures a **daily close above $99,700**, we could see a psychological breach of **$100K**, potentially triggering a rally toward **$109,000** Price Prediction for May 9: Can Bulls Hold the $99K Breakout?](https://coinedition.com/bitcoin-btc-price-prediction-for-may-9-2025/). However, short-term cooling could lead to a **range retest** before the next leg up.
Are we witnessing the start of Bitcoinโs next **historic breakout**? Stay tuned! ๐ฅ๐ฐ
