HOPE Is Not A Strategy.

#BTC Analysis: Ready for a Move Up or Down?

Current Price: $102,449 (Down ~1.2% in the last 24 hours)

Recent Trend

Bitcoin has reclaimed the $100,000 level and recently touched $105,000, marking a ~40% recovery from the April lows. This upward movement is supported by:

Global trade optimism

Expectations of lower interest rates in the U.S.

Increasing institutional interest in BTC

Technical Indicators

RSI (Relative Strength Index): Currently above 70, indicating an overbought zone. A short-term correction is possible.

Support Levels: Strong support at $100,000. If it breaks, the next support is around $92,000.

Resistance Levels: Resistance at $107,000. If it breaks, BTC could target $120,000.

Market Sentiment & Outlook

Institutional buying is increasing (e.g., recent $1.3B BTC purchase by MicroStrategy).

Analysts project Bitcoin could reach between $120,000–$150,000 by Q3 or Q4 of 2025 if bullish momentum continues.

Trading Tips

Short-Term Traders: Be cautious due to overbought RSI. Watch the $100,000 level. If it holds, bounce trades may work. If it breaks, look for entries near $92,000.

Long-Term Investors: This range could be a good accumulation zone as long as BTC stays above $100,000.

Risk Management: Always use stop-loss and monitor U.S. interest rate decisions and global macroeconomic events.