May 9, 2025
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Bitcoin Price Surges Above $100,000 with Resistance at $105,000
Bitcoin Price Update
- Bitcoin price surged above the $100,000 mark, aiming for $105,000.
- The increase followed a breakout above $98,500 and support at $102,000 is forming.
- Current trading is above $100,500 and the 100-hour SMA.
- Resistance levels are noted at $103,500, $104,200, and $105,000.
- A peak was reached at $104,082 with further consolidation above key retracement levels.
Support Levels
- Immediate support near $102,200 and major support at $100,000.
- Additional support levels at $98,800 and $96,200.
Technical indicators show bullish momentum with the MACD gaining pace and RSI above 50.