Bitcoin Eyes $100K As Bulls Regain Control

By: bitcoin ethereum news|2025/05/02 23:00:05

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. $BTC Hits ,405, Aimed for 0K Bitcoin ($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 Action A 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. Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology. Source: https://blockchainreporter.net/bitcoin-eyes-100k-as-bulls-regain-control/

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...