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Price Dynamics and Technical Implications #BTCBackto100K 🔆♻️✅️Now BTC broke 100k, and what's next? my analysis below will tell you ➡️Immediate Price Action: Breaking $100,000 would clear key resistance at $97,996–$100,000, a psychological barrier and the 0.786 Fibonacci retracement level from the January 2025 high ($109,356) to April low ($74,000). ➡️Volatility Surge: A breakout could increase 30-day volatility (currently 6.91%), as retail and institutional traders pile in. Historical breakouts (e.g., $20,000 in 2020, $69,000 in 2021) saw 15–30% follow-through rallies within weeks. ➡️However, overbought RSI (>70) could trigger profit-taking, with pullbacks to $95,000–$97,996 possible before further gains. ➡️ Technical Confirmation: A daily or weekly close above $100,000 with strong volume would confirm the breakout, flipping $100,000 into support. Failure to hold $100,000 could result in a false breakout, dropping BTC to $92,265–$95,000, as seen in past rejections (e.g., January 2025). ➡️Market and Sentiment Reactions Retail FOMO: A $100,000 milestone would dominate headlines, driving retail investor FOMO (fear of missing out). Google Trends and social media activity (e.g., X posts) typically spike during such events, increasing trading volume (currently $78.06 billion/day). ➡️Altcoin Rally: A BTC breakout often triggers an altcoin season, as capital flows from BTC to altcoins like Ethereum, Solana, and memecoins. X posts suggest Solana (SOL) could hit $200–$300 and memecoins like $DOGE could surge 20–50%. ➡️ Sentiment Shift: The Fear & Greed Index could jump to 70–80 (Extreme Greed), fueling bullish narratives, with predictions of $150,000–$200,000 by Q4 2025 (CoinDCX, VanEck).
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Btc Price Forecast (May 8–15, 2025) #BTCBreaks99K ➡️➡️Short-Term Outlook: Bullish Case: it could rally to $97,996–$100,000, driven by ETF inflows and stablecoin liquidity. ➡️➡️Base Case: BTC consolidates between $90,000–$95,000, with today’s profit-taking. Neutral RSI (60–66) suggest range-bound trading. ➡️➡️Bearish Case: A deeper correction could push BTC to $89,000–$90,000 if FOMC signals tightening or tariff fears escalate. ➡️➡️Analyst Predictions:☣️🔆 Changelly: $97,482.65–$132,545.13 by May 12, averaging $115,013.89. CoinCodex: $120,904 by May 12 (+25.13%), $111,329 by June 6. CoinDCX: $110,000–$115,000 by month-end, $150,000 in 2025. InvestingHaven: $89,348.22 today, $100,000–$125,000 in 2025. LiteFinance: $78,500 short-term, $108,260–$132,000 by September. Bearish Outliers: Deutsche Bank ($20,000), Peter Brandt ($78,000 with bullish recovery).
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Bitcoin (BTC) Price Analysis (May 8, 2025) $BTC Price Performance Current Price: BTC is trading at approximately $96,647.87 (average price). 24-Hour Movement: BTC is breaking high of $99,500. Weekly Performance: BTC is up 8–12% over the past 7 days, recovering from a Q1 low of $74,000 (April 8). It remains 11.8–15% below its all-time high of $109,356 (January 20, 2025). Monthly Trend: BTC has gained 2–5% over the last 30 days, driven by institutional inflows and regulatory optimism. Market Capitalization: Approximately $1.85–$1.91 trillion, maintaining BTC’s dominance at 59.1% of the total crypto market cap ($2.8–$2.9 trillion). Trading Volume: 24-hour volume is $78.06 billion, slightly down from yesterday but indicating robust liquidity. Technical Analysis Moving Averages: 50-Day SMA: Rising, projected to reach $110,439, signaling short-term bullishness despite today’s dip. 50-Day EMA: BTC is hovering near the 100-day EMA ($94,200), with a close below signaling potential bearish momentum. Relative Strength Index (RSI): RSI (14-day) is at 60–66, down from 66.14–70.46 yesterday, indicating neutral momentum after nearing overbought levels (>70). A drop below 60 could confirm a correction. Support and Resistance: Support: $92,265, $90,000, and $89,000 (January 2025 lows). The $90,000–$92,000 consolidation zone is critical, with $89,000 as a psychological level. Resistance: $95,000, $97,996, and $100,000. A break above $99,000 could target $100,000–$104,550. Stablecoin Bills: Positive: The STABLE and GENIUS Acts could increase stablecoin trust, driving $230 billion in market cap to support BTC trading. utility coins like BTC will benefit from reduced memecoin noise. Challenges and Risks FOMC Fallout: A hawkish FOMC stance (May 7) could tighten monetary policy, triggering a 5–10% correction to $90,000–$89,000, as BTC correlates with risk assets. Technical Risks: Rejection at $95,000 and a potential MACD bearish cross suggest a dip to $90,000 if momentum fades.
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The #MEMEAct (short for Mitigating Endorsements of Memecoins by Elected officials Act) is a proposed U.S. legislation introduced by House Democrats, led by Representative Sam Liccardo, on February 27, 2025. It aims to prohibit top federal officials, including the President, Vice President, members of Congress, senior executive branch officials, and their spouses and dependent children, from issuing, sponsoring, or endorsing securities, futures, commodities, or digital assets, particularly memecoins like $TRUMP. The bill responds to concerns about potential corruption, extortion, or bribery through memecoin promotions, especially given their speculative and volatile nature. Below is a detailed analysis of the MEME Act. ➡️Key Provisions of the MEME Act Scope of Prohibition: The act targets top federal officials and their immediate families, barring them from: Issuing or sponsoring digital assets, including memecoins. ➡️Endorsing or promoting securities, futures, commodities, or cryptocurrencies. It imposes criminal and civil penalties for violations, aiming to deter conflicts of interest and market manipulation. ➡️Rationale: Memecoins, defined as crypto assets inspired by internet memes, trends, or cultural phenomena (e.g., $TRUMP, Dogecoin), are driven by speculation and community enthusiasm rather than utility. The SEC’s February 2025 statement clarified that memecoins are not securities but akin to collectibles, lacking federal securities law protections. The bill addresses concerns that public officials could exploit their influence to pump memecoin prices, potentially engaging in unethical or illegal financial activities. ➡️Legislative Status (May 7, 2025): Introduced in the House on February 27, 2025, by Rep. Sam Liccardo, the MEME Act has not yet progressed to a vote. It faces challenges due to bipartisan dynamics: Support: Democrats, wary of memecoin-driven corruption, back the bill to protect investors and maintain market integrity. The bill is in early stages and may face delays, similar to the stablecoin bills.
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Bitcoin (BTC) Market Analysis (May 7, 2025) $BTC ➡️Price Performance 24-Hour Movement: BTC is up +4.18% in the last 24 hours, reflecting short-term bullish momentum after consolidating around $94,000–$97,000 yesterday. Trading Volume: 24-hour volume is $78.06 billion, indicating high liquidity and active trading. Technical Analysis ➡️Relative Strength Index (RSI): RSI (14-day) is at 66.14–70.46, indicating neutral to bullish momentum, nearing overbought territory (>70). A neutral RSI read (30–70) suggests room for upside before a potential pullback. Support and Resistance: Support: $94,545 (pivot point), $92,265, and $91,094 (strongest). Additional support at $90,000 and $89,000 (January 2025 lows). Resistance: $97,996, $99,167, and $101,447. Clearing $95,900–$98,000 could target $100,000–$104,550. Chart Patterns: A cup-and-handle pattern confirms a trend reversal from March lows, with BTC reclaiming the 100-day EMA. A weekly chart shows resistance at $94,000–$96,000 (0.619 Fibonacci retracement), with a long upper wick indicating rejection. A strong weekly close above $96,000 is critical for bullish continuation. ➡️Market Sentiment Fear & Greed Index: At 59–62 (Greed), reflecting optimism driven by ETF inflows and pro-crypto policies. However, posts on X suggest mixed signals, with some traders anticipating consolidation or a dip to $70,000 if weak longs are flushed out. Market Signals: Technical indicators show 25 bullish vs. 6 bearish signals, with a 62% bullish sentiment. However, a rejection at the 1.618% Fibonacci level ($93,400) and an ending diagonal pattern suggest a potential breakdown to $90,000 if momentum fades.
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