👀 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 Levels
Support level is now located at 96,500.00
Now, the resistance level is located at 106,000.00.
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 Levels
Support level is now located at 96,500.00
Now, the resistance level is located at 106,000.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.