Bitcoin Surges Amid Bullish Market Conditions
As of May 10, 2025, Bitcoin ($BTC) trades at $103,478.36, reflecting a robust bullish trend. Technical indicators, including rising 50-day and 200-day moving averages, signal strong momentum, with the Relative Strength Index at 66.69 indicating neutral yet stable conditions. Market sentiment leans greedy (Fear & Greed Index: 73), driven by institutional adoption and ETF inflows. However, high volatility persists, with a potential correction toward $78,500 looming. Analysts predict $BTC could hit $120,000-$150,000 by year-end, fueled by global liquidity and regulatory optimism, though macroeconomic risks like tariffs could disrupt this rally. Investors remain cautiously optimistic.
