$BTC
Latest BTC price update:
Current price: ~102,975 USD
Daily high: ~103,978 USD
Daily low: ~99,239 USD
24-hour change: +3.18%
Market capitalization: ~2.044 trillion USD
24h trading volume: ~71.94 billion USD
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🔍 Main reasons driving the increase:
Strong institutional inflows: Bitcoin ETFs recorded inflows of over 117 million USD just on May 8, indicating growing interest from institutional investors.
Positive market sentiment: Investors are optimistic about Bitcoin's prospects, especially after surpassing the psychological threshold of 100,000 USD.
Buying activity from "whales": Data shows that large investors are actively buying, supporting the price increase.
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📊 Technical analysis:
Next resistance: ~105,000 USD
Closest support: ~100,000 USD
RSI indicator: Approaching overbought territory, but no clear reversal signals yet.
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🔮 Short-term forecast:
If the upward trend continues and surpasses the resistance level of 105,000 USD, BTC may head towards a new all-time high. However, investors should be cautious of potential short-term corrections following the strong rally.
