PRICE is unified about $ 95,000 with a possible outbreak of about $ 100,000
⚈ The market remains optimistic with strong technical technologies and feeling, although RSI indicates a little excessive conditions
The Bitcoin (BTC) network has reached a six -month rise, a trend that is likely to support the pushing of the constant asset towards the evaluation of six numbers.
Specifically, Bitcoin 925,914 has registered unique active addresses within 24 hours as of May 3, according to the series. Data It is shared by encrypted currency analysis platform Glassnode.
The data indicates that the price of BTC has increased steadily from its lowest level in mid -April, which closely tracks the height of the network.
It is worth noting that the increasing activity reflects the increase in investor and speculation that Bitcoin may prepare for a large price step as it is combined around the level of 95,000 dollars.
Historically, the nails in the number of active addresses often have been early indicators of strong market movements, indicating an increase in the demand for user and the size of transactions via Blockchain.
Bitcoin key levels to watch
Bitcoin is currently combined in a narrow range below the key resistance level. According to the coded currency analyst Ali Martinez, who participated in ideas on May 3 mail On X, the critical resistance to view is 98,290 dollars. The collapse above this level can pave the way to move towards a $ 100,000 teacher.
On the other hand, it works 96,160 dollars as a decisive support level. With the fluctuation between these signs, Bitcoin is traded within a narrow range that seems ready to decisible in either direction.
Regarding the restoration of Bitcoin, the FinBold report indicated that many artificial intelligence models (AI) believe that the teacher may be achieved by the end of May.
This possibility is also supported by the technical vision of TradingshotWho indicated that Bitcoin contains the effects of the recent “correction of the tariff” that shook the markets. If this erasure is complete, the analyst stated that Bitcoin will be open to demand the goal of $ 106,000.
Bitcoin price analysis
At the time of the press, Bitcoin has been trading at $ 95,470, a decrease of about 0.8 % over the past 24 hours, with nearly 2 % over the past week.
Market morale is still ascending, as Bitcoin recorded the degree of “greed” 65. technically, the original is trading over 50 days (86,939 dollars) and 200 days (86,139 dollars) in simple averages (SMA), confirming the continuous rising range.
However, traders should remain cautious about the possible withdrawal in the short term. Bitcoin (RSI) is 66.42, indicating slightly high conditions.
Distinctive image via Shutterstock
