#BTCBreaks99K

#BTCBreaks99K refers to Bitcoin ($BTC) surpassing $99,000, a significant milestone reflecting bullish market sentiment in May 2025. On May 8, posts on X reported BTC briefly touching $99,000, driven by strong ETF inflows ($422.45M daily on May 1), New Hampshire’s approval of BTC as a state reserve, and a softer U.S. dollar amid Fed rate cut speculation (60% chance for June). Technical analysis shows BTC trading above the 9-day SMA, with RSI at 70.46, nearing overbought. Resistance looms at $100,000, Fareast analysts warn of a potential pullback to $94,500 if momentum fades. Key trading pairs—BTC/USDT, BTC/ETH (~30 ETH), and BTC/XRP (~135,000 XRP)—reflect high liquidity. Institutional buying and supply constraints post-halving fuel optimism, though volatility remains a risk.‽web:10,11 ‽post:6