As of May 9, 2025, Bitcoin (BTC) has surged past the $100,000 mark, currently trading at approximately $103,010. This milestone reflects a significant rebound from its April lows and indicates strong bullish momentum in the cryptocurrency market.
$BTC Bitcoin (BTC)
$103,010.00
+$3,420.00(+3.43%)Today
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📊 Market Overview
Current Price: ~$103,010
24-Hour Change: +$3,420 (+3.43%)
Intraday High: $103,978
Intraday Low: $99,239CryptoRankInvestopedia
Bitcoin's recent rally is attributed to positive developments in global trade agreements and increased institutional interest. Analysts suggest that if the bullish trend continues, BTC could test resistance levels around $107,000, with potential to reach $120,000 in the near term .Investopedia
🔍 Technical Indicators
Relative Strength Index (RSI): Above 70, indicating overbought conditions
Support Level: $100,000
Resistance Levels: $107,000 and $120,000Coinpedia Fintech News+3Investopedia+3Pintu: All-in-One Crypto App+3The Crypto Times+8NFT Evening+8BeInCrypto+8
The RSI suggests that while momentum is strong, there may be short-term corrections. However, the $100,000 level is now acting as a key support, bolstering investor confidence.Investopedia
📰 Recent Developments
Institutional Moves: A dormant Bitcoin wallet transferred 1,079 BTC (worth approximately $109 million) to Gemini after 12 years of inactivity, signaling renewed institutional activity .Blockchain News
Corporate Adoption: Steak 'N Shake announced plans to accept $BTC
Bitcoin payments across all its outlets starting May 16, reflecting growing mainstream acceptance of cryptocurrencies .crypto.news