Technical analysis by محمدرضا سرلک about Symbol BTC on 5/8/2025

Optimism for business agreements led to Bitcoin crossing the $ 98,000 resistance range and now priced at nearly $ 101,000, if the positive market is continuing, the $ 104,000 market is available. In the current situation, capital entry flows to Bitcoin tradable funds (ETF) continues to support the price. Some analysts believe that with the decline in the fear of economic disputes between the United States and China as well as the chances of rising interest rates by the Federal Reserve, investors 'willingness to risky assets such as Bitcoin has increased. In derivative markets, Open Interest's increase in market participants' interest in increasing interest in the trend. From a technical point of view, if the price could be stabilized at the top of $ 100,000, moving to higher areas such as 104,000 and even $ 1,100,000 was unexpected. However, in the event of a correction, support areas of 98,000 and then $ 96,000 acted as key levels in the short term. The status of the Indictions of the Anchin is still healthy, and the number of addresses active in the bitcoin network is increasing, which can indicate the growth of real demand.