**Bitcoin ($BTC) Reaches All-Time Highs: Technical Analysis as of May 8, 2025**
The Bitcoin market is writing a new chapter in its history today. At the close of this publication, $BTC is trading at **$102,350**, establishing a new all-time high and confirming the continuation of the bullish market. Here are the key data points:
1. **Key Technical Indicators**:
- Weekly RSI: 71 (approaching overbought but with room)
- Critical support: $98,400 (previous ATH)
- 24h Volume: $58 billion (+40% vs monthly average)
2. **Fundamental Factors**:
- ETFs accumulated 22,000 BTC in the last week
- Institutional adoption reaches new record
- 2024 Halving showing deflationary effects
3. **Outlook**:
- Next target: $110,000 (psychological level)
- Strong support at $95,000 (accumulation zone)
- Possible consolidation before continuing rally
This movement solidifies Bitcoin as a global store of value, with a market capitalization exceeding $2 trillion. On-chain data shows strong accumulation by whales (addresses with +1,000 BTC increased holdings by 8% this month).
**Recommendation**: Maintain core position (70-80%) and take partial profits in resistance areas ($105K, $110K). The trend remains bullish as long as it stays above $95K.
