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Reading: Bitcoin is based on the $ 100 thousand limit! This price threshold can pave the way for 103 thousand dollars
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Bitcoin is based on the $ 100 thousand limit! This price threshold can pave the way for 103 thousand dollars
Bitcoin and BTC

Bitcoin is based on the $ 100 thousand limit! This price threshold can pave the way for 103 thousand dollars

vitalclick
Last updated: May 3, 2025 2:37 pm
3 weeks ago
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The biggest crypto currency Bitcoin (BTC), Donald Trump’s customs tariffs released after the hard sales wave of the recovery mode after decline. The focus of the market is in the price movement just below the $ 100,000 psychological threshold that has not been seen since the end of February. Although the investor confidence remains alive, a possible fear of recession can reverse this momentum depending on the course of tax bargaining between Washington and Beijing. Mixed signals in the chain indicators can also increase the mobility at the price.

Investor confidence in Bitcoin and out -of -stock money movementsImportant technical levels in price chart

Investor confidence in Bitcoin and out -of -stock money movements

In the last two weeks, the purchase of approximately $ 4 billion from corporate and large wallets provided Bitcoin fresh power. Spot Bitcoin and Ethereum ETFs reaching a net $ 3.2 billion in a week offer an important barometer for investors’ risk appetite. Only Blackrock’s Bitcoin ETF attracted almost $ 1.5 billion with the highest weekly entry of the year.

Moreover, the average daily 39.79 million dollars of net output investors BTCIt shows that it alleviates sales pressure by keeping their special wallets in special wallets. This is considered a strong sign that supports the recovery of the price.

Bitcoin Analysis

Although Glassnode Data shows that the profit rates of long -term owners are approaching 350 percent and that if the limit of 100 thousand dollars is exceeded, it may be a trigger for profit purchases. In the last 24 hours, approximately $ 25 million liquidated. It was in 14.12 million Short positions. This table reminds us that the buyer is still holding control, but a hard resistance area is approached.

Important technical levels in price chart

The price of Bitcoin has managed to hold over the 20 -day mobile average of $ 96 thousand 892. Relative power indexThe fact that the (RSI) remains in the positive area indicates that the rise area is not exhausted yet. Clearly breaking the resistance of 99 thousand 500 dollars can carry Bitcoin to the $ 100,000 band in a short time. If there is a stronger attack, the target is seen as 103 thousand dollars. However, bears have established around 98 thousand dollars of barricades and the price is trying to get back after every move made here.

Bitcoin Technical Analysis

In the scenario where the sellers are dominant, the first shelter for the price will be the 20 -day average again. If this level cannot be maintained, 92 thousand 800 dollars can come to the agenda with a average of 50 days. This region will weaken the expectations of rise, while investors will remain cautious.

In short, Bitcoin maintains its desire to rise despite the uncertainties on the macro front, but profit sales waiting at the door can make it difficult to overcome the $ 100 thousand threshold.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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