On Friday, May 9, 2025, the price of Bitcoin (BTC) is experiencing a notable increase, having surpassed the $100,000 mark for the first time since last February, and is currently trading near $102,700.

Current Technical Analysis

Potential Resistances: Analyses indicate strong resistance at levels of $106,500 and $107,000. If these levels are surpassed, the price may target $120,000.

Main Support: The $100,000 level is considered an important psychological and technical support. In the event of a correction, the price may retreat to the range of $92,000–$95,000.

Relative Strength Index (RSI): The indicator shows readings above 70, indicating an overbought condition that may lead to a short-term correction.