Bitcoin Eyes $100K as Bulls Regain Control

By: blockchainreporter|2025/05/02 10:45:01

Bitcoin ($BTC) is moving toward a massive price breakout as the latest market statistics indicate. Based on the new insights, Bitcoin is now trading above $95K, signifying a robust buying pressure while moving toward a breakout above the $100K mark. At the moment, $97,500 appears to be the imminent resistance zone to be tested.$BTC Hits $97,405, Aimed for $100KBitcoin ($BTC) witnessed a sharp rally after a strong base formed above $93,500, rising above the resistance level of $95,500. Subsequently, the positive momentum witnessed more strength, further raising the price to the local high level of $97,405.Currently, Bitcoin ($BTC) is reportedly consolidating gains just below the respective level. Additionally, the top crypto asset has maintained a notable position above its 100-hour simple moving average, a crucial technical indicator showing bullishness. The new market outlook of Bitcoin ($BTC) is marked by the formation of considerable support at $96,350. In line with this setup, purchasers have firm control over the market.If $BTC effectively closes above the resistance level of $97,500, it could soon reach $98,800. This price movement could clear the path for the psychological level of $100K. Based on this, the analysts are optimistic about the wider bullish alignment of Bitcoin for further price action as multiple indicators show.Technical Indicators Support Bullish Outlook for Continued Price ActionA key technical indicator in this respect is the hourly Moving Average Convergence Divergence (MACD), which is getting bullish pace. Additionally, the Relative Strength Index (RSI) is also above the neutral mark of 50, suggesting a rising buying interest.Overall, the present price action of Bitcoin reinforces the potential of a continued price upsurge. In the meantime, the market onlookers are watching the $97,500 resistance level to determine Bitcoin’s likely surge to the psychological $100,000 mark.

The excitement of LALIGA never stops. From intense matchups on the pitch to shifting league standings, competition unfolds week after week. As an official regional partner of LALIGA, WEEX brings that same competitive rhythm into trading — where consistency, strategy, and timing matter just as much.

How AI Trading Systems Perform in Live Markets: Inside the WEEX AI Hackathon Beta Test

WEEX launched a Beta Test to provide participants with a proving ground that closely mirrors real trading conditions, allowing strategy stability, execution capability, and risk control to be tested by the market in advance, while refining an AI trading infrastructure that can truly be deployed in live markets.

Here’s What Happened in Crypto Today

Key Takeaways Bitcoin experienced a significant price dip as Europe considered retaliatory trade measures against the U.S. The…

Market Correction Drives Major Drop in Meme Coins, WhiteWhale Suffers Significant Losses

Key Takeaways WhiteWhale’s price has plunged by 32.3% over the last 24 hours and is currently 75% below…

Meme Coins Tumble: WhiteWhale and Others Face Severe Losses

Key Takeaways WhiteWhale has experienced a significant decline, dropping by 75% from its peak. The market correction has…

Trump’s Tariff Policies Impact Cryptocurrency Market Dynamics

Key Takeaways Trump’s tariff policies lead to significant volatility in cryptocurrency markets, notably affecting Bitcoin prices. Bitcoin experienced…

Market Decline Impacts Meme Coins with WhiteWhale Dropping 75%

Key Takeaways The meme coin market has experienced a severe correction, notably impacting $WhiteWhale, which has decreased by…

Market Correction Reveals Dramatic Price Shifts in Meme Coins

Key Takeaways WhiteWhale has experienced a steep decline, dropping 75% from its peak. In contrast, $BLACKWHALE surged by…

Federal Judge Blocks SBF’s Second Request for Pretrial Release

Key Takeaways A federal judge has denied the second request from Sam Bankman-Fried (SBF) for pretrial release. The…

Brian Shroder Resigns as Binance.US CEO, Firm Undergoes Strategic Changes

Key Takeaways Brian Shroder steps down as CEO of Binance.US, replaced temporarily by Chief Legal Officer Norman Reed.…

Market Correction Causes Significant Drop in Meme Coin Values

Key Takeaways WhiteWhale’s value has decreased by 32.3% in the past 24 hours. The coin is currently trading…

Market Correction Halts Meme Coin Rally: WhiteWhale Suffers Massive Losses

Key Takeaways WhiteWhale experiences a significant price drop, declining 75% from its peak. BlackWhale showing better performance, increasing…

Market Correction Sparks Unsettling Decline in Meme Coins

Key Takeaways The cryptocurrency market correction has significantly impacted meme coins, notably leading to a 75% drop in…

Meme Coin Market Faces Sharp Decline as WhiteWhale Falls 75%

Key Takeaways WhiteWhale has plummeted 75% from its peak amid the current market correction. Several meme coins, including…

Electric Capital Targets $300 Million for Third Venture Fund

Key Takeaways Electric Capital, a venture capital firm with a focus on Web3 technologies, is aiming to raise…

Memecoins Fall While BlackWhale Rises in Cryptocurrency Market Shakeup

Key Takeaways The cryptocurrency market is experiencing a correction that has severely impacted memecoins. WhiteWhale’s value has declined…

Hyperliquid Introduces Direct ETH Deposits and Withdrawals for Enhanced Spot Trading

Key Takeaways Hyperliquid has officially rolled out direct Ethereum deposits and withdrawals, streamlining its spot trading capabilities. The…

Meme Coins Experience Sudden Market Shifts

Key Takeaways WhiteWhale’s value has dropped by 75% from its peak, illustrating the volatility of meme coins amidst…