According to data from Binance on May 9, 2025.
The cryptocurrency continues to gain momentum: the Bitcoin (BTC) exchange rate to Tether (USDT) confidently holds at $103,128, showing a daily growth of +3.66%. The minimum over the last 24 hours was $99,090.66, and the maximum was $104,361.30. Trading volume is impressive: over 38,775 BTC and nearly 4 billion USDT.
Analysis of the chart and indicators:
On the 15-minute timeframe, we see an active growth phase accompanied by subsequent correction. Moving averages (MA) provide interesting signals:
MA(7): $103,169
MA(25): $103,161
MA(99): $101,962
Short-term MAs are above long-term ones, indicating a bullish momentum, but the appearance of "red candles" suggests a potential slowdown in growth or a pullback attempt.
It is also worth noting the volumes: they are gradually decreasing, which may indicate a weakening of buying activity at the moment.
Historical dynamics:
Growth for:
7 days: +6.86%
30 days: +33.75%
90 days: +7.41%
180 days: +34.89%
1 year: +67.73%
Such a long-term trend confirms high interest in Bitcoin and the overall strengthening of the cryptocurrency market.
What does this mean for traders?
The situation can develop in two directions:
Continued growth upon breaking the level of $104,000 with subsequent strengthening to $106,000–$108,000.
Correction downwards, especially if the price fails to hold above $103,000 and volumes continue to decrease. Potential support — $101,500 and $100,700.
In any case, the current market phase requires increased attention to support/resistance levels and technical indicators.
