As of Saturday, May 3, 2025, Bitcoin (BTC) is trading at approximately $96,327 USD, reflecting a slight decrease of 0.41% over the past 24 hours. The day's trading has seen a high of $97,838 and a low of $96,284.
Bitcoin's recent performance has been notable, with the price reaching over $97,000โthe highest in over two monthsโand edging closer to the psychological $100,000 mark. This surge follows reports that investment bank Morgan Stanley may introduce spot cryptocurrency trading to its E*Trade platform, and news that Strategy (MSTR), the largest corporate bitcoin holder, plans to buy more via a $21 billion equity offering.
Technical analysis indicates that Bitcoin recently broke out from a descending channel and pennant pattern, signaling bullish momentum. Key resistance levels are identified at $100,000 and $107,000, while support levels are at $92,000 and $85,000