BTC rose to $96,574 today and reached up to $97,360 during the day. There was an approximately 2% increase in the last 24 hours.
๐ Market Developments:
MicroStrategy reported a profit of 61,497 BTC and a value increase of $5.8 billion in the first quarter of 2025.
Spot Bitcoin ETFs experienced an outflow of $56 million after an eight-day inflow streak.
Analysts predict that BTC may experience an upward breakout after a prolonged consolidation.
๐ Technical Outlook:
The RSI value is at 42, indicating that it is close to the oversold region.
The MACD indicator is signaling a short-term upward trend.
Support level: $94,000
Resistance level: $97,500
๐ฌ Comment: As BTC tests the $97,000 level, investors have started discussing the $100,000 target. Technical indicators and institutional interest support this rise.
๐ Do you think BTC can surpass the $100,000 level this week?
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