Technical analysis by armindorri1993 about Symbol BTC on 5/3/2025

Bitcoin Analysis:If Bitcoin stabilizes around the $100,000 zone, it could continue its upward momentum and potentially reach new all-time highs. However, if the $98,000–$100,000 resistance range holds strong, we may see a price correction that could bring Bitcoin down to the $68,000 support level.It’s also crucial to closely monitor macroeconomic factors such as the U.S. Federal Reserve’s interest rate policies, the ongoing trade war, and potential economic recession in the U.S.—these factors can significantly influence Bitcoin’s price direction.