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As of May 2, 2025, Bitcoin is trading around $96,700, marking a 1.6% increase over the past 24 hours. This brings BTC closer to the key psychological milestone of $100,000, reflecting continued institutional interest and positive sentiment across the crypto markets.
Technical Analysis
Bitcoin recently broke out of a descending channel and a pennant formation — both bullish indicators suggesting the possibility of a further upward move. Key resistance levels are now seen at $100,000 and $107,000, while support zones lie around $92,000 and $85,000.
While the RSI signals strong momentum, a slight decline in trading volume urges cautious optimism. The market appears to be in a consolidation phase before its next potential leg up.
Fundamental Drivers
Institutional demand continues to grow. Notably, BlackRock recently purchased $350 million worth of BTC, reinforcing the narrative of growing trust from traditional finance giants. Additionally, BlackRock’s Bitcoin ETF saw $351.4 million in daily inflows, further emphasizing the rising interest from large-scale investors.
According to CoinMarketCap, Bitcoin's market capitalization stands at $1.93 trillion, and its market dominance has surged to 64% — the highest level since 2021.
Forecast and Sentiment
Analysts forecast that if current trends continue, Bitcoin could reach $200,000 by the end of 2025. However, short-term corrections are still possible, especially if BTC fails to convincingly break above the $100,000 resistance level.
In the long game of crypto, Bitcoin remains the leading force — supported by solid fundamentals, long-term holder conviction, and growing institutional adoption. As always, patience and strategy are key #Write2Earn #BTC
Technical Analysis
Bitcoin recently broke out of a descending channel and a pennant formation — both bullish indicators suggesting the possibility of a further upward move. Key resistance levels are now seen at $100,000 and $107,000, while support zones lie around $92,000 and $85,000.
While the RSI signals strong momentum, a slight decline in trading volume urges cautious optimism. The market appears to be in a consolidation phase before its next potential leg up.
Fundamental Drivers
Institutional demand continues to grow. Notably, BlackRock recently purchased $350 million worth of BTC, reinforcing the narrative of growing trust from traditional finance giants. Additionally, BlackRock’s Bitcoin ETF saw $351.4 million in daily inflows, further emphasizing the rising interest from large-scale investors.
According to CoinMarketCap, Bitcoin's market capitalization stands at $1.93 trillion, and its market dominance has surged to 64% — the highest level since 2021.
Forecast and Sentiment
Analysts forecast that if current trends continue, Bitcoin could reach $200,000 by the end of 2025. However, short-term corrections are still possible, especially if BTC fails to convincingly break above the $100,000 resistance level.
In the long game of crypto, Bitcoin remains the leading force — supported by solid fundamentals, long-term holder conviction, and growing institutional adoption. As always, patience and strategy are key #Write2Earn #BTC
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a little humor for your feed, p.s. content for Russian-speaking users
Here's a story of one success 😂
#Трамп
#Трамп
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$BTC well, we took away liquidity at 93k, now the question is will we be able to go up and update ATH, or will we have a reversal at 99k?
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Is it possible to start trading with 10034465779142 on futures, following risk management and money management? Or is it better to buy coins for 10 dollars on spot?
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