Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think

July 4, 2025

Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports

July 3, 2025

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Bitcoin Price Analysis: BTC Price to $91k Before $100k Next

0
By on May 5, 2025 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Bitcoin Price Analysis: BTC Price to $91k Before $100k Next appeared first on Coinpedia Fintech News

Although top Bitcoin maximalists continue to accumulate, short-term technical analysis depicts bearish sentiment.

Heightened volatility will be inevitable in the coming days amid the weakening U.S. dollar and FOMC Statement.

After closing last week in an inverted hammer candlestick, Bitcoin (BTC) price faces a short-term bearish outlook. As the total crypto market cap slipped 3 percent to about $3.04 trillion in the past 24 hours, the flagship teased below $94k earlier on Monday.

According to the latest market data at the time of his writing, Bitcoin price has dropped about 1.2 percent in the last 24 hours to trade at about $94,195 on Monday, May 5 during the mid-North American trading session.

Bitcoin Network Record Mixed Reactions from Whale Investors

Ahead of the United States Federal Funds Rate and FOMC statement this week, on-chain data analysis shows a mixed reaction from whale investors. Bitcoin maximalists, led by Strategy and Semler Scientific continued to accumulate regardless of price action.

Notably, Strategy announced on Monday that it acquired 1,895 BTCs last week, thus currently holding about 555,450 Bitcoins. Semler Scientific announced that it acquired 167 BTCs in the past few days and currently holds about 3,634 coins, thus becoming the fourth-largest Bitcoin Treasury Company in the United States.

As a result, market data analysis from CoinShares shows that Bitcoin’s investment products recorded a net cash inflow of about $1.8 billion last week. 

Meanwhile, on-chain data analysis from IntoTheBlock shows that large transaction volume on the Bitcoin network declined by $139 billion in the past seven days.

Midterm Expectations for BTC Price

Since April 9, when U.S. President Donald Trump posted it was a great opportunity to buy, Bitcoin price has gained over 18 percent to date. However, the bullish momentum has significantly declined after the BTC price retested the resistance/support level around $96.5k.

In the two-hour timeframe, the BTC price has broken down from the recently established rising logarithmic trendline. With the MACD line having crossed below the zero line, the short-term bearish outlook has gained more ground. As a result, BTC’s price is well positioned to retest the support level around $91k before rallying towards $100k in the near future.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports

July 3, 2025

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025

Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

July 3, 2025
Leave A Reply Cancel Reply

What's New Here!

JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think

July 4, 2025

Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports

July 3, 2025

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025

Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

July 3, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.