Buy and hold here -> 🎁🎁$BTC #BTC
Below is a comprehensive analysis of Bitcoin (BTC) as of May 2, 2025:
# Stock market information for Bitcoin (BTC)
* Bitcoin is crypto in the CRYPTO market.
* The current price is 96924.0 USD, changing by 376.00 USD (0.00%) compared to the previous closing price.
* The daily high is 97360.0 USD and the daily low is 95925.0 USD.
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### 📈 Price movements and technical trends
* **Current price**: BTC is trading around \$96,924, slightly up 0.39% in the last 24 hours.
* **Price breakout**: Bitcoin has surpassed the \$97,000 mark for the first time since the end of February, indicating a stable upward trend.
* **Technical pattern**: According to Crypto Rover's analysis, BTC is forming a "bullish flag" pattern, signaling the potential for continued upward movement.
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### 🧭 Important support and resistance levels
* **Strong support**: \$90,000 and \$94,000 are considered important support levels.
* **Key resistance**: \$100,000 is a strong psychological resistance level, with the next technical resistance at \$110,000.
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### 🔍 Macroeconomic factors and institutional cash flow
* **ETFs and institutions**: ETF funds and institutions like Strategy and MetaPlanet are actively accumulating BTC, supporting the upward price trend.
* **National policy**: The establishment of the "Strategic Bitcoin Reserve" by the United States has reinforced confidence in BTC as a strategic reserve asset.
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### 🔮 Forecast and outlook
* **Short-term forecast**: If BTC maintains above \$97,000, the likelihood of heading towards \$100,000 is high.
* **Long-term forecast**: Experts predict BTC could reach an average of \$165,000 by the end of 2025.
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