Bitcoin $BTC Eyes $100K in May 2025 – Is the Bull Run Back?

Bitcoin $BTC has climbed to $96,950, marking its highest level in over two months. Market sentiment is turning bullish, and momentum suggests a potential breakout above the critical $100,000 mark.

Key Drivers Behind this Prediction:

1. Institutional Momentum

Morgan Stanley is reportedly exploring spot crypto trading for E*Trade clients, while MicroStrategy has announced plans to purchase more Bitcoin through a new $21 billion equity offering.

2. Strong Technical Breakout

$BTC has broken out of a descending channel and bullish pennant pattern.

Resistance levels: $100K and $107K

Support zones: $92K and $85K

Although RSI remains strong, lower trading volumes call for cautious optimism.

3. Short-Term Outlook

Analysts forecast BTC could rise by 16.23%, potentially reaching $109,575 by early June, if bullish momentum continues.

4. End-of-Year Predictions

$120K – Standard Chartered

$200K – Anthony Scaramucci

$300K – Traders on Deribit are betting big

With rising institutional interest, stable macroeconomic conditions, and strong technical indicators, Bitcoin is poised for potential new highs in May.

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