Bitcoin (BTC) Price Prediction: BTC/USD Surges Past $90,00, Reigniting Hopes of a $100,000 Rally

Bitcoin rose again today after surging past critical resistance levels, reigniting hopes of a fresh rally toward the long-anticipated $100,000 milestone.

The move comes as bullish momentum builds across the crypto market, with key technical signals pointing to a possible sustained uptrend.

Why Bitcoin Broke Out This Week

Bitcoin (BTC) climbed above $94,000 earlier this week and then extended gains past $96,000—a level many analysts viewed as a psychological and technical barrier. That breakout marked a shift in short-term sentiment after weeks of sideways trading.

Key drivers behind the breakout:

“Bitcoin’s ability to flip $94K into support opens the door for $100K,” said analyst Tony Sycamore of IG Markets.

What’s Next: $100K?

Analysts now say the next few days will be critical to determine whether Bitcoin can sustain momentum—or if it’s just another short-lived spike.

Resistance and support levels to watch:

If bulls can hold support above $94K, traders say the next leg higher could unfold quickly.

On-Chain Metrics Signal Accumulation

On-chain data supports the bullish case. Long-term holders have resumed accumulation, while exchange balances continue to decline—both signs of a supply squeeze forming in the background.

According to Glassnode:

“These are classic signs of pre-rally accumulation phases we’ve seen in past bull cycles,” noted crypto strategist Will Clemente.

Is $100K Realistic Today?

Many market participants now view $100K not as an “if,” but as a “when.” Factors fueling that optimism include:

Still, volatility remains a constant. Sudden rate policy shifts or geopolitical shocks could easily derail the rally.

Here is the latest Bitcoin (BTC) market snapshot as of May 2, 2025, 10:01 AM EDT:

Price: $95,180.00

24-hour Volume: $17,911,900,948

24-hour High: $96,000.00

24-hour Low: $93,000.00

These figures reflect a strong market performance, with Bitcoin approaching the significant $100,000 threshold. The substantial trading volume indicates heightened investor interest and activity

Final Thoughts

Bitcoin’s breakout above $96K has reawakened bulls and renewed talk of six-figure targets. But for BTC to maintain its upward path, buyers must defend support zones and follow through with volume.

The market is watching closely—and the next move may define the trajectory for the rest of 2025.

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