$BTC

📊 BTC Overview as of May 3, 2025

1. Key Metrics:

• Current Price: $96,049

• 24-Hour Trading Volume: $20.98 billion

• Market Capitalization: $1.91 trillion

• Circulating Supply: 19,859,512 BTC

• Max Supply: 21,000,000 BTC   

2. Price Dynamics:

• Daily High: $97,838

• Daily Low: $95,936

• 24-Hour Change: -0.83% 

3. Forecast and Analysis:

Bitcoin continues to demonstrate resilience, trading near the psychological level of $100,000. Growing institutional interest, particularly from companies like MicroStrategy, which plans to purchase BTC worth $21 billion, supports a positive market sentiment.

4. Standard Chartered Forecast:

Standard Chartered Bank has updated its forecast, expecting the price of BTC to reach $120,000 by the end of the second quarter of 2025 and $200,000 by the end of the year. The main factors for growth are the declining trust in US assets and the increasing interest in cryptocurrencies.

5. Technical Analysis:

On the weekly BTC chart, there is a breakout from a descending channel and the formation of a “pennant” pattern, indicating a possible continuation of the bullish trend. Key support levels are at $92,000 and $85,000, while resistance is around $100,000 and $107,000.