$BTC Bitcoin Hits 99,064.99 USD: Is the Uptrend Continuing?

On May 8, 2025, the price of Bitcoin (BTC) on the Binance exchange reached 99,064.99 USD, an increase of 2.67% in the past 24 hours, according to trading data. This is the highest price in 24 hours, with trading volume reaching 19,325 BTC, equivalent to 1.88 billion USD.

The 4-hour chart shows that Bitcoin is maintaining a stable uptrend, breaking through the resistance level of 93,377 USD and approaching the important psychological milestone of 100,000 USD. Technical indicators such as MA(25) and MA(99) both support the uptrend, while MACD (419.73) and RSI (55.68%) indicate that buying momentum remains dominant.

However, selling pressure at the 99,065 USD level could cause the price to adjust slightly in the short term. With optimistic market sentiment and increasing interest from investors, can Bitcoin surpass the 100,000 USD threshold in the near future? Traders need to closely monitor support levels at 97,848.92 USD and resistance at 99,419 USD to make informed decisions.