$BTC

On May 2, 2025, Bitcoin (BTC) witnessed a significant rise, surpassing the $97,000 mark for the first time in over two months, reflecting a strong market recovery. This increase is driven by growing institutional interest, with BlackRock announcing a purchase of $350 million in Bitcoin, and Strategy revealing a plan to increase its Bitcoin investments by $42 billion.

Technically, Bitcoin has surpassed the 'descending triangle' pattern, indicating strong bullish momentum. However, investors are advised to monitor support levels at $92,000 and $85,000, where price corrections may occur.

With these developments, the price of Bitcoin is approaching the $100,000 level, reflecting increasing confidence in the market and growing demand from investors.