Trade Strategy: Consider long positions if BTC sustains above $95,000, targeting a move toward $99,900. Monitor for potential selling pressure near the $99,900 resistance .
Bitcoin has surged to $96,987, marking a 3.15% increase over the past 24 hours. This rally is attributed to positive developments in U.S.-China trade negotiations and anticipation surrounding the Federal Reserve's upcoming interest rate decision . Analysts highlight $95,000 as a critical support level; maintaining above this threshold could pave the way for a breakout toward the $100,000 mark . #BTC #BTCUpdate $BTC
$TRUMP Coin Faces Regulatory Scrutiny Amid Political Turmoil
On May 6, 2025, the $TRUMP meme coin experienced heightened attention as U.S. Senate Democrats introduced the "End Crypto Corruption Act." This proposed legislation aims to prohibit federal officials and their families from investing in or endorsing digital assets, directly targeting former President Donald Trump’s involvement with $TRUMP and related ventures. #trumpcoin #memecoin🚀🚀🚀 $
This is a clean two-scenario setup. Either price fills the remaining gap and flips resistance, triggering the bullish continuation, or we reject from that area again and drop into the 88.2k to 90k range for a deeper liquidity grab. Both are valid, and both offer high-probability trades once price confirms the path. Follow for more updates. #BTC #latestupdate
The crypto market is exhibiting mixed signals ahead of the U.S. Federal Reserve's policy meeting. Bitcoin (BTC) is trading around $94,219, experiencing a slight decline of 0.1%, while altcoins like XRP and Ether have dropped by 2.7% and 0.7%, respectively . This cautious sentiment mirrors a broader market pause as investors await the Fed's interest rate decision, which could influence risk appetite across financial markets.
In other developments, Florida has indefinitely postponed two strategic bitcoin reserve bills, reflecting a growing trend of states reevaluating crypto-related legislation . Meanwhile, Binance Co-founder Changpeng Zhao has made a bold prediction, suggesting that Bitcoin could reach between $500,000 and $1 million in the current bull cycle .
As long as Bitcoin stays above the 50 EMA, the mid-to-long-term bias remains bullish. A confirmed breakout above the descending resistance could open the door for a strong upside continuation. what is your opinion ? write in the comments. Follow for more updates. #BTC #BullishMomentum
Bitcoin continues to respect the 50 EMA on the weekly timeframe — a key dynamic support level that has consistently held throughout this bullish structure. #BTC #BullishJourney