Bitcoin Holding Above $94K – Is $100K Coming This Week?
As of this morning (May 6, 2025), Bitcoin (BTC) is holding steady around $94,910, with a 24-hour range between $93,702 and $95,118.
Here are 3 key highlights to watch:
1. Institutional money is still flowing in
Bitcoin ETFs recorded over $320 million in net inflows on May 5 alone – showing that big money is not backing off.
2. RSI approaching overbought zone
The current RSI is at 71, indicating strong momentum, but also suggesting a possible short-term pullback.
3. Whales are still buying
MicroStrategy just added 1,895 BTC (worth ~$180M), bringing their holdings to over 553,000 BTC – another signal of long-term confidence.
My strategy:
I’m watching support at $93K and may enter new positions if price continues to hold above this level.
Do you think BTC will break $100K this week? Share your thoughts below!