- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Nears $100 While Facing Key Resistance At $98K Amid Bullish Sentiment
By: bitcoin ethereum news|2025/05/03 19:45:01
0
Share
Bitcoin ($BTC) made a remarkable growth at the beginning of May 2025, reclaiming $97K mark on Friday. At present, Bitcoin ($BTC) is hovering around $97,000 while experiencing key resistance at $98.383, surpassing which could ease the breakout to the psychological price level of $100K. The overall bullish sentiment is significantly contributing to Bitcoin’s potential for continued upswing. Investor Confidence Pushes B$TC Closer to 0K Amid Key Price Resistance at K Over the recent days, Bitcoin investors have been showing noteworthy confidence in Bitcoin by actively participating in the buy activity. Hence, the enormous price rally has raised Bitcoin’s price to a critical zone near the $100K mark. At this point, the traders want the top crypto asset to surge past the psychological price level. Nonetheless, the Fibonacci retracement level at 0.618 and the key resistance at the $98K are indicating the requirement for a push. Keeping this in view, Bitcoin ($BTC) needs to clear this resistance to ensure its spike above $100K. Additionally, the positive funding rates of Bitcoin also highlight that traders are recompensing a premium for long positions in the case of perpetual funds. Simultaneously, when it comes to crypto derivatives, the respective dynamic emerges amid the dominance of bullish sentiment. Nevertheless, if Bitcoin fails to surpass and sustain its position above $98K, it could also face a reversal. Macroeconomic Setting Favors Bitcoin’s Potential for Massive Price Breakout Amid Bitcoin’s fluctuating price levels around $97K, momentum is building around it, shaped by the macroeconomic and geopolitical uncertainty. Apart from that, U.S. President Donald Trump’s positive endeavors for crypto have also contributed a lot to this surge. In the meantime, market onlookers are keenly watching for the market trends and the likely signs of a breakout to $100K. Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology. Source: https://blockchainreporter.net/bitcoin-nears-100-while-facing-key-resistance-at-98k-amid-bullish-sentiment/
You may also like
Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.
Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.
Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.
Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order
Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?
Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.
The Israeli military is hunting a mole on Polymarket
「The suspect's behavior has posed a significant operational risk and will be charged with serious security offenses.」
Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
Coinbase reports $1.8B in total revenue in Q4 2025, with a $667M loss leading to a sharp drop in stock price.
BlackRock Buying UNI, What's the Catch?
DeFi has transitioned from "Experimental Finance" to "Infrastructure Finance."
Lost in Hong Kong
When yesterday's glory becomes today's shackles, only the courage to break free from the shackles can win tomorrow.
Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?
An analysis suggests that metal prices experienced a sudden drop due to a suspected algorithmic trading sell-off, leading some investors to unwind their positions in commodities including gold and silver to access liquidity.
Coinbase and Solana make successive moves, Agent economy to become the next big narrative
The new war around the Agent On-chain Economy has begun.
Aave DAO Wins, But the Game Is Not Over
The Aave community has achieved a milestone victory on the topics of revenue and governance, but key disagreements regarding the boundaries of funding, branding, and power remain unresolved
Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?
What Was Trending Among Expats in the Last 24 Hours?
ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
TradFi giants are moving into the crypto market at an unprecedented pace.
On-Chain Options: The Crossroads of DeFi Miners and Traders
An Insurance Policy, a Money Printer
Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.
Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.
Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.
Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order
Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?
Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?
App