As of May 1, 2025, Bitcoin $BTC is trading at approximately $97,164, marking a significant surge of over 3% for the day. This upward momentum has propelled BTC to a new all-time high, surpassing its previous resistance levels and indicating strong bullish sentiment in the market.

The recent price rally is attributed to substantial spot buying activity on major exchanges like Binance and passive bids on Coinbase, suggesting increased institutional interest. Despite this bullish trend, the Bitcoin Fear & Greed Index reflects a neutral market sentiment, indicating a balanced outlook among investors.

Looking ahead, analysts project that Bitcoin could reach the psychological milestone of $100,000 in the near term, provided it maintains its current momentum. However, some forecasts suggest potential resistance around the $95,620 level, where a significant number of BTC holders might look to take profits.

In the broader context, Bitcoin's performance is being closely watched in anticipation of upcoming events such as MicroStrategy's Q1 earnings report and the U.S. Treasury's Strategic Bitcoin Reserve evaluation, both of which could influence market dynamics.