#BTCBackto100K

Here is a summary of the main news from trading and financial markets up to this morning, Friday, May 9, 2025

🏦 Arab markets: Notable developments in Morocco

Gulf: Most markets fell due to declining oil prices

Egyptian stock exchange: Mixed performance and positive forecasts

📈 Current performance: Bitcoin surpasses $100,000

🔍 Technical analysis: The Relative Strength Index (RSI) reaches an overbought state, indicating a potential short-term correction

Technical indicators:

🏦 Fundamental factors: Institutional flows and favorable regulations

Institutional flows: $BTC funds experienced cash inflows totaling $5.5 billion over the past three weeks

Government regulations: The state of Arizona and New Hampshire have passed laws allowing the holding of reserves in Bitcoin $BTC

This strengthens confidence in the first digital currency

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🔮 Future forecasts: Around $120,000 and possibly more in the spring of 2025