Overview of the main elements:
- The Bitcoin course has crossed the $ 97,000 mark thanks to the optimism of ETF and a strategic plan of $ 21 billion in BTC.
- The price of the BTC has formed an upper corner break with a target range between $ 102K and $ 105k.
- The support is now at $ 95,700, with $ 98,000 and $ 102,000 as next resistance levels.
The course of bitcoin (BTC) continued its ascent on Thursday, exceeding $ 97,000 for the first time since the beginning of March. The weekly gain of 3.4 % testifies to a renewed interest on the part of institutions and increasing confidence in this asset.
A strong technical confirmation and the optimism of the ETF support more the positive feeling of the market. THE BTC Exchanged at $ 97,376 at the time of pressing, marking a daily increase of 1 %. Its market capitalization exceeded 1.93 billions of dollars, reflecting a strong activity of the market.
The course of Bitcoin regains its key levels after a bullish thrust
Analyst Ali Martinez noted that the price ofbitcoin stabilized after reaching $ 97,120. He identified a support at $ 95,700 on the lower time scales, a level that could be tested again before continuing the increase.
The time graph shows that the price of BTC trained a strong breakdown candle at the start of the week, followed by a slight consolidation.
The passage above $ 96,000 marked the first clear break in a key horizontal resistance area for more than two months. The following primary levels include $ 98,000 and $ 102,000, based on historic supply areas and Fibonacci extensions.
A rebound confirmed above $ 95,700 would strengthen the structure of the trend. Short -term configuration of Bitcoin Stay up, with an intact increase pressure as long as the price is more than $ 94,900. The substantial purchase volume on the rupture bar has not yet been the subject of significant rejection.
The technical graphics indicate that the next step will be the way to $ 102,000.
In addition, the Cryptobusy analyst underlined the break of a 3 -month drop -down corner. The graph confirms a solid technical model, signaling an upward dynamic.
An upward daily candle closed above the line of resistance trend in the area, thus strengthening the upward rupture. The consolidation of April between 86,000 and $ 95,000 has created a stable base for the break in May.
In particular, the next target of Fibonacci is close to $ 102,000, which corresponds to the level of trace of 0.786 from the last top of the cycle. The indicators support this movement. The daily RSI index, now greater than 70, indicates a continuous force, the indicator showing a positive divergence from its mobile average.
The structure remained intact from the breakout, the price of bitcoin displaying the lowest and highest highest. The course of BTC Now is negotiated well above mobile averages at 50 and 200 days. This confirmed the resumption of the long -term trend.
-Volumes have increased regularly since the end of April. No significant sales activity has appeared at higher levels. This indicates that the confidence of investors is maintained.
The feeling of ETFs and the activity of companies fuel the rally
The last increase in Bitcoin intervened after 21Shares made a request to create an ETF SPOT SU. This news has appeased the concerns aroused by the postponement by the dry of seven decisions relating to ETF on altcoins.
The new deposit said that delays were prohibited rather than signs of rejection from the regulatory authorities. This reassured the market and contributed to positive flows to the bitcoin.
Strategy, led by Michael Saylor, fueled the Haussier speech with its report on the results of the first quarter and the updating of its capital strategy. The company unveiled its plans for an equity program (ATM) of $ 21 billion in order to buy more bitcoins.
Despite an unrealized loss of $ 4.2 billion in the first quarter due to the fixing of the BTC price at the end of the quarter, the company remained determined to carry out an aggressive accumulation. Strategy today holds more than 553,000 BTC at an average cost of $ 68,459.
The company has raised its performance objective A BTC From 15 % to 25 % for 2025, thus reflecting a more aggressive position with regard to Bitcoin. This adjustment is based on accounting for fair value, which translates into an increase of $ 12.7 billion in non -distributed profits.
These movements highlight the growing conviction of companies with regard to the BTC as long -term actors. According to business cash monitoring tools, more than 70 listed companies today declare that you have bitcoin assets.
BTC price forecasts target $ 105,000 while dynamics increase
The break in bitcoin Above $ 96,000 focused on a weekly fence above $ 97,000. This would validate the increase in the increase around $ 102,000 and potentially $ 105,000 if it is confirmed. If macroeconomic winds are maintained, analysts said $ 145,000 as a potential target for the third quarter.
In addition, the support of the price of BTC is $ 95,700, $ 94,000 and $ 90,000. A break below these levels would weaken the current trend. However, as long as the Bitcoin price is negotiated over its simple 100-day mobile average, it seems to be in the hands of buyers.
Non-liability clause
In this article, the points of view and the opinions expressed by the author or by any person quoted are given as information only and do not constitute advice on investment, finance or other. Trade or investment in cryptocurrencies has a risk of financial loss.
