Bitcoin Climbs Toward the $100K Threshold with Renewed Momentum

By: cointurk|2025/05/08 15:45:01
0
Share
copy
Bitcoin’s price is approaching the $100,000 mark, with buyers dominating the cryptocurrency market. The Federal Reserve’s decision to maintain interest rates in the range of 4.25% to 4.5%, along with U.S. President Trump’s significant announcement relating to customs tariffs, have created substantial expectations within the market. As BTC continues to capture institutional interest, its current climb has progressed slowly toward a critical resistance level, despite limited individual participation. Technical indicators suggest that Bitcoin $ 98,889 could surpass $125,000 in a subsequent surge. Bitcoin Nears the $100K Barrier Bitcoin has been following a continuously rising channel in recent times. The daily chart, characterized by successive rising lows and higher peaks, indicates a stable uptrend. BTC’s ability to hold above $95,000 brings it swiftly toward the psychological barrier of $100,000. The Fed’s decision to leave interest rates unchanged during its May FOMC meeting was an anticipated outcome. However, Trump’s “big deal” announcement has maintained institutional investor interest, awarding Bitcoin additional momentum. These factors have kept individual participation limited while paving the way for a rise scenario dominated by institutional purchases. Technical Indicators and Short-Term Targets for Bitcoin The weekly MACD indicator is poised for a bullish crossover signal. The decrease in selling pressure suggests that momentum might return to the buyers. Meanwhile, the RSI, after leaving its bottom at 40, has rapidly moved upward. Given Bitcoin’s current technical outlook, if a double bottom formation is completed and the RSI rises above 50, a strong rally could manifest. Surpassing the critical resistance level of $116,891 may propel Bitcoin’s price toward $150,000, or even as high as $200,000. Conversely, a pullback from $116,891 could trigger a return to the support region at $90,000. Should the rising wedge pattern break, a scenario where prices fall below $70,000 remains a possibility.

You may also like

LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

These days, even hackers are losing money

Although hackers possess excellent skills and can complete a meticulous harvest in a matter of hours, the market does not care where the chips come from; in the face of a bear market, everyone is treated equally.

Arm Chips In-House: Rewire News Brief

For Intel and AMD, the x86 Moat Just Got a Little Less Secure

IOSG: Stablecoin Reshaping Asia Cross-Border Payments? Strategic Landscape and Investment Opportunities Analysis

Stablecoins have not truly addressed the two core pain points of domestic settlement and exchange rate conversion.

\$73 Billion OpenAI Aims for IPO: Drops Sora, Snubs Disney, Puts Microsoft in Risk Factors

Altman is Telling a Growth Story in Subtraction

The Chip Industry's Most Secure Middleman Just Took a Very Risky Turn

Arm's decision to fabricate chips is essentially competing with its own customers

Popular coins

Latest Crypto News

Read more