$BTC

📊 Overview of BTC on 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

• Change over 24 hours: -0.83% 

3. Forecast and Analytics:

Bitcoin continues to demonstrate resilience, trading near the psychological level of $100,000. Rising institutional interest, particularly from companies like MicroStrategy, which plans to purchase $21 billion worth of BTC, 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. Key factors for growth include declining trust in U.S. assets and increasing interest in cryptocurrencies.

5. Technical Analysis:

On the weekly BTC chart, a breakout from the descending channel and the formation of a “pennant” pattern are observed, 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.