BITCOIN PRICE ANALYSIS & PREDICTION (May 9) – BTC Explodes Above $100k After Three Months, Near ATH Again

By: nulltx|2025/05/09 18:30:05
0
Share
copy
After days of weak price actions, which later led to a brief consolidation, Bitcoin resurged and broke significantly to $104k today. Following this move, it appears strongly bullish and looks set for a bigger rally.Last week, Bitcoin halted its recovery after facing a slight rejection under $98k. It pulled back briefly and later remained calm during the weekend. That triggered some panic in the market as altcoins bled.Luckily, the $93.5k level stood well and the price slowly climbs back this week. The last 24 hours saw several altcoins through major gains as the price recovers well following a major break above the fundamental but psychological $100k level.Following the breakup, Bitcoin’s recovery has reached a new milestone of $104,145 once again after three months of swing, and as we can see, it looks highly bullish on the daily chart. The upsurge was mainly fueled by increasing demand. However, it has faced a slight rejection, but still looks poised for a bigger recovery.Looking at the daily price actions, Bitcoin’s trading landscape has changed as market sentiment turns positive. A full recovery to the top could set the market up for a huge rally to a new all-time high. As of now, the bulls appear back in control.BTC’s Key Levels To WatchSource: TradingviewAnticipating a surge above the current daily high, the next resistance ahead is $106,457. If Bitcoin surpasses it, the recent all-time high of $109,588 would be the next resistance level to watch. A break-up there should rocket the price to a new high.The broken $97,895 level may provide support in case of a drop. Losing grip above this level could slide us back to $93,500. Other supports are located at $88,765 and $85,800.Key Resistance Levels: $104,145, $106,457, $109,588Key Support Levels: $97,895, $93,500, $88,765Spot Price: $102,947Trend: BullishVolatility: HighDisclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

-- Price

--

You may also like

Should You Buy Bitcoin Now? What the Data Says After a 50% Pullback

Should you buy Bitcoin now? Explore Bitcoin's nearly 50% pullback, ETF outflows, on-chain data, Strategy's BTC sale, and historical trends to assess whether July 2026 is a buying opportunity.

Founder of Baixing.com: I believe half of the statement that large language models devour everything

The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?

A "legal" robbery? Attackers emptied the BonkDAO treasury by buying tickets

Handing over the keys to the vault to a public vote where "anyone can spend money to participate," without sufficient oversight mechanisms, even the most legitimate governance ideals may turn into the most convenient tools for attackers.

How has Binance's stock business performed in the 30 days since its launch?

Emerging market buying supported the first wave of demand.

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com