Technical analysis by MaxOnMarkets about Symbol BTC on 5/9/2025

👀 Possible scenario:Bitcoin (BTC) surged more than 6% as investors turned to alternative assets amid rising fears over the long-term economic impact of global tariffs. If shifting tariff policies continue to push investors away from U.S. assets, Bitcoin could see another strong rally. A broader reallocation of capital may drive the next major upswing, with some projections pointing to a potential new all-time high around $120,000 by Q2 2025.No major news is expected on May 9, and analysts see BTC staying within its current trend.✅Support and Resistance LevelsSupport level is now located at 96,500.00Now, the resistance level is located at 106,000.00.