#BTCRebound

#Resistance Levels: BTC is approaching key resistance between $97,500 and $100,000. A decisive breakout above this zone could pave the way toward $105,000 in the near term.

Support Levels: Should a pullback occur, support is anticipated around $93,500 to $95,000, with stronger backing near $91,000.

Technical Indicators: The Relative Strength Index (RSI) is at 68, indicating strong momentum without being overbought. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, and trading volumes have surged, reflecting increased investor interest.

🏦 Institutional Involvement & Market Sentiment

Institutional Investments: Major firms like Strategy (formerly MicroStrategy) have significantly increased their BTC holdings, now owning over 553,000 BTC. Additionally, Japan's Metaplanet has issued bonds to acquire more Bitcoin, signaling robust institutional demand.

ETF Influence: The approval and adoption of Bitcoin ETFs have facilitated greater institutional participation, contributing to the current bullish trend.

🔮My Price Predictions for May 2025

Short-Term Outlook: Analysts anticipate BTC testing and potentially surpassing the $100,000 mark in the coming weeks, provided current momentum persists.

Long-Term Projections: Forecasts for 2025 vary, with some models predicting BTC could reach between $120,000 and $200,000, driven by factors like institutional adoption and supply constraints.

✅ My opinion

Bitcoin's recent rebound is underpinned by strong technical indicators and growing institutional interest. While short-term resistance near $100,000 may pose challenges, the overall market sentiment remains bullish, with potential for further gains throughout May and beyond.