#BTCBackto100K 📊 BTCUSDT Technical Analysis (May 8, 2025)

Current Price: $101,138.4

Daily Change: +5.56%

24h Volume: 278,207 BTC (~27.63B USDT)

📈 Trend:

Strong bullish momentum confirmed. Today's candle forcefully broke the previous resistance at $97,000 and closed above the previous high of $97,865.

🟢 Indicators:

RSI(6): 83.2 → overbought zone, but still no bearish divergences.

MACD: Bullish crossover with ascending histograms.

EMAs: All aligned upwards (EMA 9 > EMA 21 > EMA 50 > EMA 200).

🧱 Support:

$97,000 (previous resistance turned into support).

$93,600 (21-month EMA).

$90,400 (50-month EMA).

📌 Resistance:

$101,686 (daily high).

$103,000 (key psychological zone).

$105,000 (technical zone projected by Fibonacci extension).

💡 In summary 👇

🚨 Bitcoin breaks $100,000 and accelerates the bullish rally! 🚀

The price of BTCUSDT on Binance futures broke through $101,000 with force, breaking key resistance and firmly entering the overbought zone.

How far will this bullish explosion go? 📈

With all moving averages aligned upwards and the RSI touching 83, we could see an extension towards $103,000 or even $105,000 if volume holds. 💥

Are you in on the move? 📲

Leave us a 🔥 if you think this is ongoing and a 🧊 if you're expecting a correction.

⚠️ WARNING ⚠️

📌 This is a personal and subjective analysis by Crypto Analyst, not advice, and under no circumstances should it be taken as a signal to trade.

💡 Remember that the cryptocurrency market is highly volatile and unpredictable, so trade with caution and at your own risk.

🔎 Do your own research! (DYOR)