Bitcoin Price Watch: Support Holds Near $95K Amid Volume Drop
$BTC was priced at $95,426 on May 4, 2025, with a market capitalization of $1.895 trillion. Over the past 24 hours, it recorded a trade volume of $13.546 billion and fluctuated within a narrow intraday range of $95,415 to $96,493.
The daily chart highlights a broader uptrend continuation following a significant rally from the recent low of $74,434. However, signs of local exhaustion are emerging. Three consecutive red candles near the resistance of $97,938 suggest short-term hesitation, especially as trading volume has declined—indicating waning bullish momentum.
This divergence between rising prices and falling volume typically signals a possible retracement or consolidation. The strategy here leans bullish, recommending a buy-the-dip approach in the $92,000 to $94,000 zone, while eyeing profit near the $97,000 to $98,000 range unless a high-volume breakout occurs.
- From News Bitcoin
