$BTC Will BTC ever reach 98k? 50:50 probability | bigcat2024 on Binance Square

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$BTC Will BTC ever reach 98k? 50:50 probability

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$BTC Experts warn that $104,000 - $106,000 is a strong resistance zone, making the possibility of Bitcoin accumulating in the short term quite high. The important support level is around $98,000. Bitcoin has rebounded to nearly $104,000, even nearly breaking through $105,000, supported by a series of positive factors including new inflation data, optimistic prospects for trade between the US and its partners, as well as information that Coinbase shares will join the S&P 500 index. Although Bitcoin is less than 5% away from returning to its January peak, Bitfinex experts believe that speculation has not yet emerged clearly, although funding interest rates and trading volumes remain stable. Looking further ahead, Bitfinex maintains a positive view on Bitcoin’s medium- to long-term outlook, setting a price target of $150,000 to $180,000 for 2025 to 2026. “The long-term outlook for Bitcoin is brighter than ever. With supportive signals from governments and institutions, an expanding global ETF network, and hopes for positive policy changes, Bitcoin is poised to become a global macro reserve asset,” the report concluded.

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#BinancePizza BitcoinPizzaDay - Celebrating the first commercial BTC transaction when programmer Laszlo Hanyecz bought 2 pizzas for “10,000 Bitcoins” on May 22, 2010. With a global scale, starting from the city of Naples - Italy, the cradle of Pizza then spread to 25 countries. Based on this event, the Binance cryptocurrency exchange will organize many special events to celebrate this day. It can be congratulatory programs, pizza giveaways, festivals, friend referrals... there will be a reward gift for members who actively participate in the "Binance Pizza Day" program. This is the spirit of encouraging the development of cryptocurrencies worldwide.

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#CryptoRegulation With 26 million cryptocurrency owners, Vietnam is one of the 10 countries with the highest percentage of digital asset holders in the world. However, due to the lack of regulations governing this type of crypto asset, not only does the state lose tax revenue, but illegal trading activities also arise. The Government's completion of the Resolution on piloting the issuance and trading of crypto assets and regulations on digital assets included in the Law on Digital Technology Industry submitted to the National Assembly are attracting public attention. According to the Ministry of Finance, many individuals and organizations in the country own and trade crypto assets through international decentralized trading platforms, while Vietnamese law currently does not regulate crypto assets. This leads to organizations providing crypto asset services to Vietnamese investors not complying with anti-money laundering regulations, not fulfilling their obligations to pay taxes and fees as prescribed, etc. Therefore, the establishment of a state-licensed virtual currency exchange will help manage this activity, minimize risks and ensure transparency.

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$BTC According to Coinmarketcap data, at 7:50 a.m. on May 14, 2025 (Laos time), Bitcoin was trading at $103,828, up 1.35% in the past 24 hours. The trading volume of the cryptocurrency with the largest market capitalization was $52.8 billion. Bitcoin is showing signs of meeting the conditions necessary for a market top. Currently, more than 98% of the total Bitcoin supply is in profit, surpassing the 95% threshold typically associated with market tops. Historically, Bitcoin has often seen price reversals and declines after such conditions, but this time around, things may be different. A high supply-to-interest ratio indicates that many investors are taking profits. While this typically indicates a market top and a potential correction, it can also indicate staying power, especially when the behavior of “whales” plays a key role. Historically, large Bitcoin holders (whales) have been able to move the market, potentially preventing a sharp reversal. A closer look at whale holdings shows that large investors, specifically those with holdings of 10 to 10,000 BTC, have been accumulating heavily. In the past month alone, these whales have purchased over 83,100 BTC, worth approximately $8.5 billion. This large inflow counterbalances the selling activity from retail investors.

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$BTC Bitcoin price surpasses $105,000 after good news from the US-China deal. The market is "holding its breath" waiting to see whether the "king of cryptocurrencies" can break the key barrier to conquer the $130,000 mark. Global financial markets, especially the cryptocurrency sector, have just received a big boost after the news that the US and China have reached a temporary agreement on trade. According to a joint statement after lengthy negotiations in Geneva (Switzerland), the world's two largest economies agreed to significantly reduce tariffs on each other's goods within 90 days. Specifically, the US pledged to lower import tariffs on Chinese goods from 145% to 30%. In response, China also reduced tariffs on US goods from 125% to 10%. This move is considered to cool down trade tensions, in the context of the global economy facing the risk of recession. In addition, the two sides also established a regular dialogue mechanism, co-chaired by Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.

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